Short Interest in Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Drops By 48.5%

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 17,000 shares, a decrease of 48.5% from the May 15th total of 33,000 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company's shares are sold short.

Nuveen Virginia Quality Municipal Income Fund Price Performance

NPV traded down $0.07 during trading on Wednesday, reaching $11.17. The stock had a trading volume of 44,118 shares, compared to its average volume of 34,926. Nuveen Virginia Quality Municipal Income Fund has a one year low of $10.68 and a one year high of $13.72. The stock's 50 day moving average is $11.13 and its two-hundred day moving average is $12.07.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.072 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.86 annualized dividend and a yield of 7.74%.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several institutional investors have recently modified their holdings of NPV. Atria Wealth Solutions Inc. boosted 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 buying an additional 2,200 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter worth $32,000. Spire Wealth Management raised its holdings in Nuveen Virginia Quality Municipal Income Fund by 42.8% in the 1st quarter. Spire Wealth Management now owns 10,007 shares of the financial services provider's stock worth $119,000 after purchasing an additional 3,000 shares during the period. Cornerstone Advisory LLC lifted its position in Nuveen Virginia Quality Municipal Income Fund by 50.0% during the first quarter. Cornerstone Advisory LLC now owns 15,000 shares of the financial services provider's stock valued at $169,000 after purchasing an additional 5,000 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in Nuveen Virginia Quality Municipal Income Fund by 3.8% during the first quarter. DAVENPORT & Co LLC now owns 233,306 shares of the financial services provider's stock valued at $2,786,000 after purchasing an additional 8,552 shares during the period. 11.68% of the stock is owned by hedge funds and other institutional investors.

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.