Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Short Interest Down 86.9% in May

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,766 shares, a drop of 86.9% from the April 30th total of 51,706 shares. Based on an average trading volume of 42,401 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new position in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at about $115,000. Northwestern Mutual Wealth Management Co. increased its stake in Nuveen Virginia Quality Municipal Income Fund by 351.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock valued at $83,000 after buying an additional 5,721 shares during the period. Royal Bank of Canada increased its stake in Nuveen Virginia Quality Municipal Income Fund by 5.0% during the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock valued at $300,000 after buying an additional 1,268 shares during the period. D.A. Davidson & CO. increased its stake in Nuveen Virginia Quality Municipal Income Fund by 7.1% during the 1st quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock valued at $216,000 after buying an additional 1,272 shares during the period. Finally, Private Advisor Group LLC increased its stake in Nuveen Virginia Quality Municipal Income Fund by 7.4% during the 1st quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock valued at $382,000 after buying an additional 2,314 shares during the period. Institutional investors and hedge funds own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Stock Up 0.9%

Shares of NPV stock traded up $0.10 during trading hours on Friday, reaching $11.51. The stock had a trading volume of 80,338 shares, compared to its average volume of 39,151. Nuveen Virginia Quality Municipal Income Fund has a twelve month low of $10.87 and a twelve month high of $11.81. The firm has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $11.36.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 6.8%.

Nuveen Virginia Quality Municipal Income Fund Company Profile

Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) is a closed-end investment company advised by Nuveen Asset Management. The fund’s primary objective is to provide shareholders with high current income exempt from federal and Virginia state personal income taxes by investing in a diversified portfolio of municipal debt securities.

The portfolio is focused on investment-grade municipal bonds issued by the Commonwealth of Virginia and its political subdivisions, including general obligation bonds and revenue bonds financing education, transportation, public utilities and other essential infrastructure.