Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Sees Significant Increase in Short Interest

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 19,743 shares, an increase of 191.8% from the May 14th total of 6,766 shares. Based on an average daily volume of 44,106 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Nuveen Virginia Quality Municipal Income Fund Price Performance

NYSE:NPV opened at $11.53 on Friday. The company has a 50-day moving average price of $11.46 and a 200-day moving average price of $11.37. Nuveen Virginia Quality Municipal Income Fund has a 12 month low of $10.87 and a 12 month high of $11.81.

Nuveen Virginia Quality Municipal Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.0615 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 8.8% in the 1st quarter. Cetera Investment Advisers now owns 11,327 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 917 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 5.0% in the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 1,268 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 7.1% in the 1st quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 1,272 shares in the last quarter. Northwest Financial Advisors increased its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 3.0% in the 1st quarter. Northwest Financial Advisors now owns 48,417 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 1,411 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 11.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 14,954 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 1,552 shares in the last quarter. 11.68% of the stock is currently owned by institutional investors.

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.