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 recipient of a significant increase in short interest during the month of 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. Based on an average daily trading volume, of 30,200 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the company’s stock are sold short.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

NPV traded down $0.01 during trading on Wednesday, hitting $12.14. 23,899 shares of the company’s stock were exchanged, compared to its average volume of 35,302. The business’s 50 day moving average is $12.53 and its two-hundred day moving average is $12.78. Nuveen Virginia Quality Municipal Income Fund has a fifty-two week low of $10.47 and a fifty-two week high of $13.72.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.072 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.86 dividend on an annualized basis and a yield of 7.11%.

Institutional Trading of Nuveen Virginia Quality Municipal Income Fund

Large investors have recently added to or reduced their stakes in the stock. Elequin Capital LP bought a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth about $32,000. Cary Street Partners Financial LLC bought a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth about $207,000. Raymond James Financial Inc. bought a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter worth about $1,036,000. Wells Fargo & Company MN boosted its position in Nuveen Virginia Quality Municipal Income Fund by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 221,615 shares of the financial services provider’s stock worth $2,803,000 after purchasing an additional 32,719 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its position in Nuveen Virginia Quality Municipal Income Fund by 10.6% during the fourth 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 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 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.