Short Interest in Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Decreases By 48.5%

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 17,000 shares, a decrease of 48.5% from the May 15th total of 33,000 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NPV. Elequin Capital LP acquired a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter valued at approximately $32,000. Bessemer Group Inc. acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the first quarter valued at approximately $115,000. Spire Wealth Management lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 42.8% in the first quarter. Spire Wealth Management now owns 10,007 shares of the financial services provider’s stock valued at $119,000 after buying an additional 3,000 shares during the last quarter. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the first quarter valued at approximately $124,000. Finally, Cornerstone Advisory LLC lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 50.0% in the first quarter. Cornerstone Advisory LLC now owns 15,000 shares of the financial services provider’s stock valued at $169,000 after buying an additional 5,000 shares during the last quarter. 11.68% of the stock is owned by institutional investors and hedge funds.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

NYSE NPV traded down $0.09 during trading hours on Friday, hitting $11.17. 11,687 shares of the company traded hands, compared to its average volume of 34,776. The business’s 50-day moving average is $11.13 and its 200-day moving average is $12.10. Nuveen Virginia Quality Municipal Income Fund has a twelve month low of $10.68 and a twelve month high of $13.72.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.86 annualized dividend and a yield of 7.74%.

Nuveen Virginia Quality Municipal Income Fund Company Profile

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.