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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 6,766 shares, a decline of 86.9% from the April 30th total of 51,706 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 42,401 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several institutional investors have recently made changes to their positions in the company. Truist Financial Corp lifted its holdings in Nuveen Virginia Quality Municipal Income Fund by 114.6% in the 3rd quarter. Truist Financial Corp now owns 118,885 shares of the financial services provider’s stock worth $1,379,000 after purchasing an additional 63,481 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Nuveen Virginia Quality Municipal Income Fund by 163.8% during the third quarter. Envestnet Asset Management Inc. now owns 99,785 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 61,958 shares during the period. Wolverine Asset Management LLC bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth approximately $465,000. DAVENPORT & Co LLC boosted its position in Nuveen Virginia Quality Municipal Income Fund by 7.8% during the fourth quarter. DAVENPORT & Co LLC now owns 280,828 shares of the financial services provider’s stock worth $3,109,000 after purchasing an additional 20,262 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth approximately $197,000. 11.68% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Virginia Quality Municipal Income Fund Stock Up 0.4%

Shares of Nuveen Virginia Quality Municipal Income Fund stock traded up $0.04 during trading on Thursday, hitting $11.39. 29,668 shares of the stock traded hands, compared to its average volume of 40,043. Nuveen Virginia Quality Municipal Income Fund has a twelve month low of $10.87 and a twelve month high of $11.81. The company has a fifty day moving average price of $11.42 and a two-hundred day moving average price of $11.36.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.065 per share. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, May 15th.

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.