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

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV - Get Free Report) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 37,200 shares, a drop of 51.8% from the January 31st total of 77,200 shares. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NPV. Atria Wealth Solutions Inc. increased its holdings in Nuveen Virginia Quality Municipal Income Fund by 10.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 22,951 shares of the financial services provider's stock valued at $290,000 after buying an additional 2,200 shares during the period. Elequin Capital LP bought a new position in Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at about $32,000. XML Financial LLC boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 49.5% in the 4th quarter. XML Financial LLC now owns 22,946 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 7,596 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 34.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider's stock valued at $589,000 after purchasing an additional 12,058 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at $207,000. 11.68% of the stock is owned by institutional investors and hedge funds.

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Nuveen Virginia Quality Municipal Income Fund Stock Performance

NYSE NPV traded down $0.15 on Wednesday, reaching $12.46. The stock had a trading volume of 39,907 shares, compared to its average volume of 35,236. The firm has a fifty day moving average of $12.60 and a two-hundred day moving average of $12.74. Nuveen Virginia Quality Municipal Income Fund has a 1-year low of $10.47 and a 1-year high of $13.72.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend is Friday, March 14th.

About Nuveen Virginia Quality Municipal Income Fund

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.