Short Interest in Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Declines By 51.8%

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 37,200 shares, a decrease of 51.8% from the January 31st total of 77,200 shares. Based on an average daily volume of 28,800 shares, the short-interest ratio is currently 1.3 days.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

Shares of Nuveen Virginia Quality Municipal Income Fund stock traded up $0.06 during midday trading on Friday, reaching $12.60. The company had a trading volume of 39,923 shares, compared to its average volume of 27,083. The stock has a fifty day simple moving average of $12.62 and a 200 day simple moving average of $12.73. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.86 annualized dividend and a dividend yield of 6.86%.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its position in Nuveen Virginia Quality Municipal Income Fund by 12.1% during the 4th quarter. DAVENPORT & Co LLC now owns 224,754 shares of the financial services provider’s stock valued at $2,843,000 after purchasing an additional 24,338 shares during the period. Wells Fargo & Company MN raised its position in shares of Nuveen Virginia Quality Municipal Income Fund by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 221,615 shares of the financial services provider’s stock valued at $2,803,000 after acquiring an additional 32,719 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Nuveen Virginia Quality Municipal Income Fund in the 4th quarter valued at $1,036,000. Janney Montgomery Scott LLC lifted its stake 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 during the period. Finally, Atria Wealth Solutions Inc. boosted its position in shares of 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 worth $290,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors own 11.68% of the company’s stock.

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.