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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) saw a significant increase in short interest in 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 trading volume, of 44,106 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Nuveen Virginia Quality Municipal Income Fund Price Performance

NYSE NPV traded up $0.02 during trading on Friday, hitting $11.54. 15,189 shares of the company traded hands, compared to its average volume of 34,331. Nuveen Virginia Quality Municipal Income Fund has a 12 month low of $10.87 and a 12 month high of $11.81. The business has a fifty day simple moving average of $11.46 and a 200 day simple moving average of $11.37.

Nuveen Virginia Quality Municipal Income Fund Cuts Dividend

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

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

A number of institutional investors have recently made changes to their positions in NPV. Ameritas Advisory Services LLC bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the third quarter worth about $82,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 351.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,350 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 5,721 shares during the period. Cetera Investment Advisers bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth about $115,000. Landscape Capital Management L.L.C. bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth about $118,000. Finally, Brown Advisory Inc. bought a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the second quarter worth about $124,000. 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.