Short Interest in Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Drops By 21.5%

Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 77,200 shares, a drop of 21.5% from the January 15th total of 98,400 shares. Based on an average daily volume of 32,200 shares, the days-to-cover ratio is presently 2.4 days.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several hedge funds have recently added to or reduced their stakes in NPV. Raymond James Financial Inc. purchased a new position in Nuveen Virginia Quality Municipal Income Fund during the 4th quarter valued at about $1,036,000. Wells Fargo & Company MN increased its holdings in 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 in the last quarter. DAVENPORT & Co LLC increased its holdings 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 acquiring an additional 24,338 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 34.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 12,058 shares during the last quarter. Finally, XML Financial LLC boosted its stake in shares of 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 worth $290,000 after purchasing an additional 7,596 shares during the last quarter. 11.68% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Virginia Quality Municipal Income Fund Stock Performance

Shares of NPV traded down $0.02 during trading hours on Friday, reaching $12.40. The company had a trading volume of 20,274 shares, compared to its average volume of 24,919. The firm has a 50 day simple moving average of $12.79 and a 200-day simple moving average of $12.68. Nuveen Virginia Quality Municipal Income Fund has a 12-month low of $10.47 and a 12-month high of $13.72.

Nuveen Virginia Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.072 per share. The ex-dividend date is Friday, February 14th. This represents a $0.86 annualized dividend and a yield of 6.97%.

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.