Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Short Interest Update

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. Based on an average daily volume of 30,200 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NPV. DAVENPORT & Co LLC raised its position in 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 worth $2,843,000 after purchasing an additional 24,338 shares during the period. Wells Fargo & Company MN boosted its holdings in Nuveen Virginia Quality Municipal Income Fund by 17.3% during 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 acquiring an additional 32,719 shares during the period. Raymond James Financial Inc. purchased a new stake in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth $1,036,000. Janney Montgomery Scott LLC increased its stake in Nuveen Virginia Quality Municipal Income Fund by 34.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 12,058 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 10.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,951 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 2,200 shares during the last quarter. 11.68% of the stock is owned by hedge funds and other institutional investors.

Nuveen Virginia Quality Municipal Income Fund Trading Down 0.1 %

NPV stock traded down $0.02 during trading on Thursday, reaching $12.15. The company’s stock had a trading volume of 13,057 shares, compared to its average volume of 27,118. The company’s fifty day moving average is $12.52 and its 200-day moving average is $12.78. Nuveen Virginia Quality Municipal Income Fund has a 1 year low of $10.47 and a 1 year high of $13.72.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

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

Nuveen Virginia Quality Municipal Income Fund Company Profile

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.