Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Short Interest Report for October

Key Points

• Short interest fell 54.7% in October to 6,719 shares, representing approximately 0.0% of NPV’s outstanding shares and just 0.1 days of average trading volume.
• NPV traded at $9.80, near its 50-day moving average of $9.79 and below its 12-month high of $11.81.
• The fund declared a monthly dividend of $0.0615 per share, equivalent to $0.74 annually and a 7.5% yield; institutional investors own 11.68% of the fund.

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,719 shares, a drop of 54.7% from the September 30th total of 14,828 shares. Based on an average daily trading volume, of 118,532 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Nuveen Virginia Quality Municipal Income Fund Price Performance

NYSE NPV traded up $0.03 during trading hours on Friday, hitting $9.80. The company's stock had a trading volume of 136,225 shares, compared to its average volume of 127,391. Nuveen Virginia Quality Municipal Income Fund has a 12 month low of $9.05 and a 12 month high of $11.81. The company's 50 day simple moving average is $9.79 and its two-hundred day simple moving average is $10.96.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0615 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.74 annualized dividend and a yield of 7.5%.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

A number of institutional investors have recently made changes to their positions in NPV. Ameritas Advisory Services LLC purchased a new position in shares of Nuveen Virginia Quality Municipal Income Fund during the second quarter valued at approximately $29,000. Cetera Investment Advisers boosted its holdings in Nuveen Virginia Quality Municipal Income Fund by 8.8% in the first quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider's stock worth $128,000 after purchasing an additional 917 shares during the last quarter. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the second quarter worth approximately $213,000. D.A. Davidson & CO. grew its position in Nuveen Virginia Quality Municipal Income Fund by 7.1% in the 1st quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider's stock worth $216,000 after purchasing an additional 1,272 shares during the period. Finally, Ackerman Capital Advisors LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund in the 3rd quarter worth approximately $198,000. Hedge funds and other institutional investors own 11.68% of the company's stock.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund NYSE: NPV is a closed-end fund managed by Nuveen, an investment management firm specializing in municipal and other income-oriented investments. The fund is designed to provide current income that is generally exempt from regular federal income tax and Virginia personal income tax.

To pursue its objective, the fund invests primarily in investment-grade municipal bonds and other tax-exempt obligations issued by the Commonwealth of Virginia, its municipalities, counties, public authorities and other governmental entities.

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