Short Interest in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Increases By 25.2%

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 89,691 shares, a growth of 25.2% from the December 15th total of 71,663 shares. Based on an average daily volume of 162,491 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 162,491 shares, the days-to-cover ratio is currently 0.6 days.

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

A number of large investors have recently modified their holdings of the company. J.W. Cole Advisors Inc. raised its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 125.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 472,453 shares of the company’s stock valued at $5,863,000 after purchasing an additional 263,324 shares in the last quarter. Royal Bank of Canada increased its holdings in Nuveen New Jersey Quality Municipal Income Fund by 63.0% in the first quarter. Royal Bank of Canada now owns 439,293 shares of the company’s stock valued at $5,170,000 after buying an additional 169,754 shares during the last quarter. Strategic Advisors LLC acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund in the third quarter valued at $1,445,000. Allspring Global Investments Holdings LLC lifted its holdings in Nuveen New Jersey Quality Municipal Income Fund by 56.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 310,747 shares of the company’s stock worth $3,856,000 after buying an additional 112,704 shares during the last quarter. Finally, Sax Wealth Advisors LLC acquired a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the 3rd quarter worth about $1,360,000.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

NXJ stock traded down $0.01 during mid-day trading on Friday, reaching $12.45. The company had a trading volume of 120,109 shares, compared to its average volume of 140,992. The firm has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $12.16. 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.

Nuveen New Jersey Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be issued a $0.0785 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.6%.

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.