Short Interest in Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Drops By 15.8%

The Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) experienced a significant drop in short interest during November. As of November 30th, the total short interest stood at 101,400 shares, marking a 15.8% reduction from the 120,400 shares reported on November 15th. Given the average trading volume of 38,100 shares, the current short-interest ratio is 2.7 days, indicating how long it would take to cover the short positions at the current trading pace.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

On Friday, NPV opened at $13.48. The fund boasts a 50-day moving average of $13.13 and a 200-day moving average of $12.22. Over the past year, Nuveen Virginia Quality Municipal Income Fund has recorded a low of $10.47 and a high of $13.72, reflecting its performance fluctuations.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company recently announced a monthly dividend that is scheduled to be paid on Tuesday, December 31st. Shareholders on record as of Friday, December 13th, will receive a dividend of $0.072 per share. This translates to an annualized dividend of $0.86, providing a yield of 6.41%. The ex-dividend date for this issuance is also set for Friday, December 13th.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

An institutional investor, Canal Capital Management LLC, has recently acquired a new stake in Nuveen Virginia Quality Municipal Income Fund. According to its most recent filing with the SEC, Canal Capital Management purchased 20,792 shares valued at around $239,000, which accounts for approximately 0.12% of the total shares. Overall, institutional investors and hedge funds hold about 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Company Profile

(Get Free Report)

The Nuveen Virginia Quality Municipal Income Fund is a closed-end fixed income mutual fund sponsored by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily invests in the fixed income markets within Virginia, focusing on municipal securities that are rated Baa/BBB or higher.

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This news article was created using automated narrative science technology combined with financial data to ensure timely and accurate reporting. All relevant information has been reviewed by editorial teams before publishing.

Should You Invest $1,000 in Nuveen Virginia Quality Municipal Income Fund Right Now?

Before considering an investment in Nuveen Virginia Quality Municipal Income Fund, it's essential to evaluate the current market landscape. Research analysts are identifying various stocks that might offer better investment opportunities. While Nuveen Virginia Quality Municipal Income Fund currently maintains a "Hold" rating, investment experts have pointed out five other stocks that could be more promising. Investors are encouraged to explore these options thoroughly.

Nuveen, Investment, Stocks