Short Interest in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Declines By 27.6%

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 64,000 shares, a decline of 27.6% from the September 30th total of 88,400 shares. Based on an average trading volume of 149,300 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 149,300 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Nuveen New Jersey Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NXJ. Wolverine Asset Management LLC boosted its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 5.7% during the second quarter. Wolverine Asset Management LLC now owns 20,205 shares of the company’s stock valued at $229,000 after purchasing an additional 1,086 shares in the last quarter. HighTower Advisors LLC grew its holdings in Nuveen New Jersey Quality Municipal Income Fund by 7.7% during the 1st quarter. HighTower Advisors LLC now owns 21,855 shares of the company’s stock worth $257,000 after acquiring an additional 1,568 shares during the last quarter. North Ground Capital increased its position in Nuveen New Jersey Quality Municipal Income Fund by 1.6% in the 1st quarter. North Ground Capital now owns 111,770 shares of the company’s stock valued at $1,267,000 after acquiring an additional 1,770 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 7.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 29,864 shares of the company’s stock worth $371,000 after purchasing an additional 1,986 shares during the period. Finally, Cary Street Partners Financial LLC grew its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 15.1% in the second quarter. Cary Street Partners Financial LLC now owns 15,276 shares of the company’s stock worth $173,000 after purchasing an additional 2,000 shares during the last quarter.

Nuveen New Jersey Quality Municipal Income Fund Trading Down 0.4%

Shares of NXJ traded down $0.05 during mid-day trading on Monday, reaching $12.67. The company had a trading volume of 113,908 shares, compared to its average volume of 138,764. The company’s 50 day simple moving average is $12.26 and its 200 day simple moving average is $11.65. Nuveen New Jersey Quality Municipal Income Fund has a 1-year low of $11.01 and a 1-year high of $12.78.

Nuveen New Jersey Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.0785 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Wednesday, October 15th.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

Nuveen New Jersey Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.