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

Key Points

• Short interest for the Nuveen Virginia Quality Municipal Income Fund increased by 55.3% in July, rising from 21,900 shares to 34,000 shares, with a short-interest ratio of 0.9 days.
• Several institutional investors have recently adjusted their stakes, including Atlantic Union Bankshares Corp and DAVENPORT & Co LLC, with hedge funds holding 11.68% of the stock.
• The fund declared a monthly dividend of $0.072 per share, which equates to an annualized yield of 7.8%, payable on September 2nd.

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 34,000 shares, agrowthof55.3% from the June 30th total of 21,900 shares. Based on an average trading volume of 39,000 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 39,000 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN raised 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 buying an additional 32,719 shares during the period. Raymond James Financial Inc. acquired a new stake in Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth about $1,036,000. Cary Street Partners Financial LLC acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth about $207,000. Elequin Capital LP purchased a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter valued at approximately $32,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 32.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 120,264 shares of the financial services provider's stock worth $1,436,000 after buying an additional 29,623 shares during the period. 11.68% of the stock is currently owned by institutional investors.

Nuveen Virginia Quality Municipal Income Fund Price Performance

Shares of NPV traded up $0.04 during trading hours on Monday, hitting $11.02. The company had a trading volume of 41,192 shares, compared to its average volume of 35,064. The business has a fifty day moving average of $11.14 and a 200-day moving average of $11.58. Nuveen Virginia Quality Municipal Income Fund has a 12 month low of $10.68 and a 12 month high of $13.72.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.072 per share. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.