Short Interest in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Expands By 62.0%

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 50,972 shares, a growth of 62.0% from the January 29th total of 31,472 shares. Based on an average daily volume of 132,898 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 132,898 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Nuveen New Jersey Quality Municipal Income Fund

Several hedge funds have recently made changes to their positions in NXJ. J.W. Cole Advisors Inc. boosted its stake in Nuveen New Jersey Quality Municipal Income Fund by 125.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 472,453 shares of the company’s stock worth $5,863,000 after purchasing an additional 263,324 shares during the period. Royal Bank of Canada grew its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 63.0% during the first quarter. Royal Bank of Canada now owns 439,293 shares of the company’s stock valued at $5,170,000 after buying an additional 169,754 shares in the last quarter. Strategic Advisors LLC purchased a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the third quarter valued at $1,445,000. Allspring Global Investments Holdings LLC raised its position in Nuveen New Jersey Quality Municipal Income Fund by 56.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 310,747 shares of the company’s stock valued at $3,856,000 after buying an additional 112,704 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund in the 3rd quarter worth about $1,360,000.

Nuveen New Jersey Quality Municipal Income Fund Trading Down 0.3%

Shares of NYSE:NXJ traded down $0.04 during midday trading on Monday, reaching $12.55. The company had a trading volume of 143,870 shares, compared to its average volume of 125,127. The company has a fifty day simple moving average of $12.52 and a two-hundred day simple moving average of $12.41. Nuveen New Jersey Quality Municipal Income Fund has a 1-year low of $11.01 and a 1-year high of $12.90.

Nuveen New Jersey Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.0785 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, February 13th.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

Nuveen New Jersey Quality Municipal Income Fund (NYSE: NXJ) is a closed-end management investment company sponsored by Nuveen, a subsidiary of TIAA Global Asset Management. Established to serve investors seeking tax-advantaged income, the fund is listed on the New York Stock Exchange and is managed by Nuveen’s municipal fixed-income team. It draws on Nuveen’s longstanding expertise in the municipal bond market to construct a portfolio aligned with its stated objectives.

The fund’s primary objective is to provide a high level of current income exempt from federal and New Jersey personal income taxes.