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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 50,972 shares, an increase of 62.0% from the January 29th total of 31,472 shares. Based on an average daily volume of 132,898 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 132,898 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen New Jersey Quality Municipal Income Fund Stock Up 0.1%

Shares of NXJ stock traded up $0.01 on Friday, hitting $12.59. The company’s stock had a trading volume of 96,355 shares, compared to its average volume of 124,648. 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. The firm’s fifty day moving average price is $12.52 and its 200-day moving average price is $12.40.

Nuveen New Jersey Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a $0.0785 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NXJ. Atlantic Union Bankshares Corp acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund in 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 fourth quarter valued at approximately $40,000. Kestra Advisory Services LLC acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter worth $54,000. Closed End Fund Advisors Inc. acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter worth $137,000. Finally, Private Advisor Group LLC boosted its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 12.1% during the 3rd quarter. Private Advisor Group LLC now owns 12,539 shares of the company’s stock worth $156,000 after buying an additional 1,355 shares during the period.

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.