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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPVGet Free Report) saw a large decline in short interest in 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. Based on an average trading volume of 42,401 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of NPV. Truist Financial Corp grew its stake in Nuveen Virginia Quality Municipal Income Fund by 114.6% during the 3rd quarter. Truist Financial Corp now owns 118,885 shares of the financial services provider’s stock valued at $1,379,000 after acquiring an additional 63,481 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Nuveen Virginia Quality Municipal Income Fund by 163.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 99,785 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 61,958 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at about $465,000. DAVENPORT & Co LLC lifted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 7.8% during the 4th quarter. DAVENPORT & Co LLC now owns 280,828 shares of the financial services provider’s stock valued at $3,109,000 after buying an additional 20,262 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at about $197,000. Hedge funds and other institutional investors own 11.68% of the company’s stock.

Nuveen Virginia Quality Municipal Income Fund Trading Up 0.4%

NYSE:NPV traded up $0.04 on Thursday, hitting $11.39. 29,668 shares of the company’s stock traded hands, compared to its average volume of 40,043. Nuveen Virginia Quality Municipal Income Fund has a 1 year low of $10.87 and a 1 year high of $11.81. The firm has a 50-day moving average price of $11.42 and a 200-day moving average price of $11.36.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

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

Nuveen Virginia Quality Municipal Income Fund Company Profile

(Get Free Report)

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.

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