Short Interest in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Grows By 77.0%

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 45,735 shares, an increase of 77.0% from the February 26th total of 25,837 shares. Based on an average trading volume of 104,303 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Nuveen New Jersey Quality Municipal Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at $40,000. Kestra Advisory Services LLC bought a new position in Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter worth $54,000. Closed End Fund Advisors Inc. acquired a new position in shares of Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at $137,000. Private Advisor Group LLC raised its position in shares of Nuveen New Jersey Quality Municipal Income Fund by 12.1% in the third quarter. Private Advisor Group LLC now owns 12,539 shares of the company’s stock valued at $156,000 after purchasing an additional 1,355 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the 2nd quarter worth about $161,000.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

Shares of NYSE NXJ opened at $11.96 on Friday. The stock has a 50 day moving average price of $12.39 and a 200 day moving average price of $12.52. Nuveen New Jersey Quality Municipal Income Fund has a 52 week low of $11.01 and a 52 week high of $12.90.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.0785 dividend. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, March 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.