Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Short Interest Up 191.8% in May

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 19,743 shares, an increase of 191.8% from the May 14th total of 6,766 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 44,106 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 7.4% in the first quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 2,314 shares in 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 valued at $549,000 after acquiring an additional 1,411 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 15.5% in the first quarter. Janney Montgomery Scott LLC now owns 50,661 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 6,785 shares in the last quarter. Cary Street Partners Financial LLC boosted its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 62.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 17,919 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 6,915 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Nuveen Virginia Quality Municipal Income Fund in the fourth quarter valued at about $465,000. 11.68% of the stock is owned by hedge funds and other institutional investors.

Nuveen Virginia Quality Municipal Income Fund Price Performance

Shares of NPV traded up $0.02 during midday trading on Friday, reaching $11.54. The stock had a trading volume of 15,189 shares, compared to its average volume of 34,331. Nuveen Virginia Quality Municipal Income Fund has a 1-year low of $10.87 and a 1-year high of $11.81. The company’s fifty day simple moving average is $11.46 and its two-hundred day simple moving average is $11.37.

Nuveen Virginia Quality Municipal Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.0615 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, June 15th.

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.