Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Short Interest Up 19.1% in February

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 44,300 shares, an increase of 19.1% from the February 13th total of 37,200 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 30,200 shares, the days-to-cover ratio is currently 1.5 days.

Nuveen Virginia Quality Municipal Income Fund Price Performance

Shares of Nuveen Virginia Quality Municipal Income Fund stock traded down $0.02 on Thursday, hitting $12.15. The company’s stock had a trading volume of 13,057 shares, compared to its average volume of 27,118. The firm has a fifty day moving average price of $12.52 and a 200-day moving average price of $12.78. 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 business 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 dividend of $0.072 per share. This represents a $0.86 annualized dividend and a yield of 7.11%. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Elequin Capital LP acquired a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter worth approximately $32,000. Cary Street Partners Financial LLC acquired a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth about $207,000. XML Financial LLC grew its stake in Nuveen Virginia Quality Municipal Income Fund by 49.5% during the 4th quarter. XML Financial LLC now owns 22,946 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 7,596 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in Nuveen Virginia Quality Municipal Income Fund by 10.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,951 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in 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 acquiring an additional 12,058 shares during the last quarter. Institutional investors and hedge funds own 11.68% of the company’s stock.

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.