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

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

Nuveen New Jersey Quality Municipal Income Fund Price Performance

Shares of NYSE NXJ opened at $12.03 on Friday. The business has a 50-day moving average price of $12.40 and a 200 day moving average price of $12.51. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0785 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

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

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 63.0% in the 1st quarter. Royal Bank of Canada now owns 439,293 shares of the company’s stock valued at $5,170,000 after acquiring an additional 169,754 shares during the period. Focus Partners Wealth acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund during the 1st quarter worth $331,000. Cetera Investment Advisers grew its position in Nuveen New Jersey Quality Municipal Income Fund by 4.1% during the 2nd quarter. Cetera Investment Advisers now owns 269,139 shares of the company’s stock worth $3,055,000 after purchasing an additional 10,566 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in Nuveen New Jersey Quality Municipal Income Fund during the 2nd quarter worth $2,374,000. Finally, Guggenheim Capital LLC increased its stake in Nuveen New Jersey Quality Municipal Income Fund by 8.7% in the second quarter. Guggenheim Capital LLC now owns 373,700 shares of the company’s stock valued at $4,241,000 after purchasing an additional 30,018 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.