Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Sees Significant Increase in Short Interest

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the recipient of a large increase in short interest in 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 daily 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 and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter worth approximately $40,000. Kestra Advisory Services LLC purchased a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at approximately $54,000. Closed End Fund Advisors Inc. acquired a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the 4th quarter worth approximately $137,000. Private Advisor Group LLC lifted its position in shares of Nuveen New Jersey Quality Municipal Income Fund by 12.1% during the 3rd quarter. Private Advisor Group LLC now owns 12,539 shares of the company’s stock valued at $156,000 after buying an additional 1,355 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the 2nd quarter valued at approximately $161,000.

Nuveen New Jersey Quality Municipal Income Fund Stock Performance

NYSE NXJ traded down $0.08 during mid-day trading on Friday, reaching $11.96. 126,315 shares of the stock were exchanged, compared to its average volume of 116,277. The business’s 50 day moving average is $12.39 and its 200-day moving average is $12.52. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.0785 per share. 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.