Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Short Interest Update

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 77,873 shares, a decrease of 13.2% from the December 31st total of 89,691 shares. Based on an average daily volume of 143,139 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 143,139 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BCS Private Wealth Management Inc. grew its holdings in Nuveen New Jersey Quality Municipal Income Fund by 25.4% during the third quarter. BCS Private Wealth Management Inc. now owns 107,250 shares of the company’s stock worth $1,339,000 after acquiring an additional 21,700 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 56.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 310,747 shares of the company’s stock valued at $3,856,000 after purchasing an additional 112,704 shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in Nuveen New Jersey Quality Municipal Income Fund in the 3rd quarter valued at approximately $1,360,000. Guggenheim Capital LLC raised its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 8.7% during the 2nd quarter. Guggenheim Capital LLC now owns 373,700 shares of the company’s stock worth $4,241,000 after purchasing an additional 30,018 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the 2nd quarter valued at $2,374,000.

Nuveen New Jersey Quality Municipal Income Fund Trading Down 0.1%

NYSE:NXJ traded down $0.01 during midday trading on Tuesday, reaching $12.42. 12,798 shares of the company traded hands, compared to its average volume of 129,499. Nuveen New Jersey Quality Municipal Income Fund has a twelve month low of $11.01 and a twelve month high of $12.90. The company has a fifty day moving average price of $12.58 and a 200 day moving average price of $12.23.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.0785 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend 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.