Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 33,000 shares, a growth of 139.1% from the April 30th total of 13,800 shares. Based on an average daily volume of 34,900 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the company are short sold.
Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund
Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter valued at approximately $1,036,000. Wells Fargo & Company MN increased its position 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 purchasing an additional 32,719 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Nuveen Virginia Quality Municipal Income Fund by 32.7% in 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. DAVENPORT & Co LLC grew its position 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 worth $2,843,000 after buying an additional 24,338 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Nuveen Virginia Quality Municipal Income Fund by 214.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 35,242 shares of the financial services provider's stock worth $421,000 after purchasing an additional 24,046 shares in the last quarter. Hedge funds and other institutional investors own 11.68% of the company's stock.
Nuveen Virginia Quality Municipal Income Fund Price Performance
Shares of NPV traded up $0.08 during trading hours on Friday, hitting $11.16. The company's stock had a trading volume of 30,794 shares, compared to its average volume of 35,503. The business has a 50 day simple moving average of $11.27 and a two-hundred day simple moving average of $12.24. Nuveen Virginia Quality Municipal Income Fund has a 52-week low of $10.59 and a 52-week high of $13.72.
Nuveen Virginia Quality Municipal Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.072 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.86 annualized dividend and a yield of 7.75%.
About Nuveen Virginia Quality Municipal Income Fund
(
Get Free Report)
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.
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