Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Sees Significant Increase in Short Interest

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

Nuveen Virginia Quality Municipal Income Fund Price Performance

Shares of NPV opened at $11.53 on Friday. The firm has a fifty day simple moving average of $11.46 and a two-hundred day simple moving average of $11.37. Nuveen Virginia Quality Municipal Income Fund has a twelve month low of $10.87 and a twelve month high of $11.81.

Nuveen Virginia Quality Municipal Income Fund Cuts Dividend

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

Institutional Investors Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in NPV. Royal Bank of Canada lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 5.0% in the 1st quarter. Royal Bank of Canada now owns 26,514 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 1,268 shares during the period. Cetera Investment Advisers lifted its position 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. D.A. Davidson & CO. lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 7.1% in the 1st quarter. D.A. Davidson & CO. now owns 19,089 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 1,272 shares during the period. Canal Capital Management LLC lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 11.6% in the 1st quarter. Canal Capital Management LLC now owns 27,039 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 2,810 shares during the period. Finally, Private Advisor Group LLC lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 7.4% in the 1st quarter. Private Advisor Group LLC now owns 33,681 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 2,314 shares during the period. Hedge funds and other institutional investors own 11.68% of the company’s stock.

About Nuveen Virginia Quality Municipal Income Fund

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.