Short Interest in Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Drops By 86.9%

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

Nuveen Virginia Quality Municipal Income Fund Price Performance

NYSE NPV traded up $0.10 during trading hours on Friday, hitting $11.51. The company’s stock had a trading volume of 80,338 shares, compared to its average volume of 39,151. Nuveen Virginia Quality Municipal Income Fund has a 12 month low of $10.87 and a 12 month high of $11.81. The company’s 50 day simple moving average is $11.42 and its two-hundred day simple moving average is $11.36.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

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

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several large investors have recently bought and sold shares of NPV. Cetera Investment Advisers lifted 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 purchasing an additional 917 shares during the period. Royal Bank of Canada boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 5.0% in the first quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock worth $300,000 after buying an additional 1,268 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 7.1% in the first quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock worth $216,000 after buying an additional 1,272 shares during the last quarter. Northwest Financial Advisors boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 3.0% in the first quarter. Northwest Financial Advisors now owns 48,417 shares of the financial services provider’s stock worth $549,000 after buying an additional 1,411 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 11.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 14,954 shares of the financial services provider’s stock worth $166,000 after buying an additional 1,552 shares during 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.