Short Interest in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Declines By 59.6%

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 31,472 shares, a decrease of 59.6% from the January 15th total of 77,873 shares. Based on an average daily volume of 128,690 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 128,690 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen New Jersey Quality Municipal Income Fund Stock Down 0.2%

Shares of NYSE NXJ traded down $0.03 during mid-day trading on Friday, hitting $12.57. The stock had a trading volume of 91,383 shares, compared to its average volume of 134,856. The business has a 50 day moving average price of $12.54 and a two-hundred day moving average price of $12.30. 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 business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.0785 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 7.5%.

Institutional Investors Weigh In On Nuveen New Jersey Quality Municipal Income Fund

A number of large investors have recently modified their holdings of NXJ. Bogart Wealth LLC bought a new position in Nuveen New Jersey Quality Municipal Income Fund in the second quarter worth about $33,000. Atlantic Union Bankshares Corp purchased a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC bought a new position in shares of Nuveen New Jersey Quality Municipal Income Fund in the 4th quarter worth approximately $40,000. Kestra Advisory Services LLC purchased a new position in shares of Nuveen New Jersey Quality Municipal Income Fund in the 4th quarter valued at approximately $54,000. Finally, Closed End Fund Advisors Inc. purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter worth $137,000.

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.