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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 89,691 shares, an increase of 25.2% from the December 15th total of 71,663 shares. Based on an average daily volume of 162,491 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 162,491 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Nuveen New Jersey Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bogart Wealth LLC bought a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the 2nd quarter worth approximately $33,000. Atlantic Union Bankshares Corp acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund in the second quarter worth $34,000. Joel Isaacson & Co. LLC acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund in the second quarter worth $123,000. Private Advisor Group LLC lifted its stake in 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 buying an additional 1,355 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the second quarter valued at $161,000.

Nuveen New Jersey Quality Municipal Income Fund Stock Down 0.0%

Shares of NYSE:NXJ traded down $0.01 on Monday, reaching $12.45. 120,109 shares of the company’s stock were exchanged, compared to its average volume of 140,992. The business’s 50-day moving average is $12.66 and its two-hundred day moving average is $12.16. Nuveen New Jersey Quality Municipal Income Fund has a fifty-two week low of $11.01 and a fifty-two week high of $12.90.

Nuveen New Jersey Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a $0.0785 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Thursday, January 15th.

About Nuveen New Jersey Quality Municipal Income Fund

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.