Short Interest in Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Increases By 19.1%

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 44,300 shares, a growth of 19.1% from the February 13th total of 37,200 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 30,200 shares, the short-interest ratio is presently 1.5 days.

Nuveen Virginia Quality Municipal Income Fund Price Performance

Shares of NYSE:NPV traded down $0.01 during midday trading on Wednesday, hitting $12.14. The stock had a trading volume of 23,899 shares, compared to its average volume of 35,302. The company’s 50-day moving average price is $12.53 and its 200-day moving average price is $12.78. Nuveen Virginia Quality Municipal Income Fund has a fifty-two week low of $10.47 and a fifty-two week high of $13.72.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 7.11%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. DAVENPORT & Co LLC boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 12.1% in the 4th quarter. DAVENPORT & Co LLC now owns 224,754 shares of the financial services provider’s stock valued at $2,843,000 after purchasing an additional 24,338 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 221,615 shares of the financial services provider’s stock valued at $2,803,000 after purchasing an additional 32,719 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at $1,036,000. Janney Montgomery Scott LLC boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 34.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 12,058 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 10.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 22,951 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 2,200 shares during the last quarter. 11.68% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Virginia Quality Municipal Income Fund

Nuveen Virginia Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.