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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the target 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 trading volume of 128,690 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 128,690 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NXJ. Bogart Wealth LLC purchased a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the 2nd quarter valued at approximately $33,000. Atlantic Union Bankshares Corp purchased a new position in Nuveen New Jersey Quality Municipal Income Fund in the second quarter valued at $34,000. Global Retirement Partners LLC purchased a new position in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at $40,000. Kestra Advisory Services LLC acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at $54,000. Finally, Closed End Fund Advisors Inc. acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at $137,000.

Nuveen New Jersey Quality Municipal Income Fund Trading Down 0.2%

NYSE:NXJ traded down $0.03 during midday trading on Friday, reaching $12.57. The company had a trading volume of 91,383 shares, compared to its average volume of 134,856. Nuveen New Jersey Quality Municipal Income Fund has a 12-month low of $11.01 and a 12-month high of $12.90. The stock’s fifty day simple moving average is $12.54 and its 200-day simple moving average is $12.30.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

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 paid a dividend of $0.0785 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, February 13th.

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.