Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Short Interest Up 73.0% in March

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 79,105 shares, an increase of 73.0% from the March 15th total of 45,735 shares. Based on an average daily trading volume, of 97,965 shares, the days-to-cover ratio is currently 0.8 days.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

NYSE NXJ traded down $0.05 on Monday, reaching $12.42. The stock had a trading volume of 34,727 shares, compared to its average volume of 111,093. Nuveen New Jersey Quality Municipal Income Fund has a 12-month low of $11.06 and a 12-month high of $12.90. The business’s 50-day moving average price is $12.39 and its 200 day moving average price is $12.53.

Nuveen New Jersey Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a $0.0785 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at approximately $54,000. Global Retirement Partners LLC purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at approximately $40,000. Green Ridge Wealth Planning LLC purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at approximately $164,000. Closed End Fund Advisors Inc. purchased a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter worth approximately $137,000. Finally, OMNI 360 Wealth Inc. raised its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 31.3% during the fourth quarter. OMNI 360 Wealth Inc. now owns 24,588 shares of the company’s stock worth $311,000 after purchasing an additional 5,860 shares during the last quarter.

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.