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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) saw a significant growth in short interest in 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.

Nuveen New Jersey Quality Municipal Income Fund Stock Performance

NXJ traded up $0.01 during midday trading on Friday, reaching $12.59. The company had a trading volume of 96,355 shares, compared to its average volume of 124,648. The business has a 50-day moving average of $12.52 and a two-hundred day 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. Investors of record on Friday, February 13th will be issued a $0.0785 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, February 13th.

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

A number of hedge funds have recently modified their holdings of NXJ. Corient Private Wealth LLC purchased a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter worth $313,000. NewEdge Advisors LLC increased its stake in Nuveen New Jersey Quality Municipal Income Fund by 174.9% in the 4th quarter. NewEdge Advisors LLC now owns 37,623 shares of the company’s stock worth $476,000 after buying an additional 23,936 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter valued at about $213,000. Guggenheim Capital LLC lifted its position in shares of Nuveen New Jersey Quality Municipal Income Fund by 2.0% in the fourth quarter. Guggenheim Capital LLC now owns 393,702 shares of the company’s stock valued at $4,976,000 after acquiring an additional 7,673 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 5.8% in the fourth quarter. Cetera Investment Advisers now owns 337,818 shares of the company’s stock worth $4,270,000 after acquiring an additional 18,616 shares during the period.

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.