Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Short Interest Up 25.2% in December

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 89,691 shares, a growth 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 presently 0.6 days. Based on an average daily volume of 162,491 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen New Jersey Quality Municipal Income Fund Stock Performance

Nuveen New Jersey Quality Municipal Income Fund stock traded down $0.01 during mid-day trading on Friday, hitting $12.45. The company had a trading volume of 120,109 shares, compared to its average volume of 140,992. Nuveen New Jersey Quality Municipal Income Fund has a 1 year low of $11.01 and a 1 year high of $12.90. The business has a fifty day moving average of $12.67 and a 200 day moving average of $12.16.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

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

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

Several hedge funds have recently made changes to their positions in NXJ. Bogart Wealth LLC acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the second quarter worth about $33,000. Atlantic Union Bankshares Corp acquired a new position in Nuveen New Jersey Quality Municipal Income Fund during the second quarter worth approximately $34,000. Joel Isaacson & Co. LLC purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund in the second quarter valued at approximately $123,000. Private Advisor Group LLC boosted its holdings 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 acquiring an additional 1,355 shares during the period. Finally, David J Yvars Group purchased a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter worth approximately $162,000.

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.