Short Interest in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Grows By 82.0%

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 96,800 shares, agrowthof82.0% from the July 31st total of 53,200 shares. Based on an average daily volume of 161,000 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 161,000 shares, the short-interest ratio is presently 0.6 days.

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

Large investors have recently made changes to their positions in the business. Bogart Wealth LLC acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the second quarter worth $33,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the second quarter worth $34,000. Elequin Capital LP acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the first quarter worth $82,000. Joel Isaacson & Co. LLC acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the second quarter worth $123,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the first quarter worth $135,000.

Nuveen New Jersey Quality Municipal Income Fund Stock Up 0.9%

Shares of NXJ stock opened at $11.63 on Monday. Nuveen New Jersey Quality Municipal Income Fund has a one year low of $11.01 and a one year high of $13.13. The company has a 50 day moving average price of $11.32 and a 200 day moving average price of $11.47.

Nuveen New Jersey Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $0.0785 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 8.1%.

About Nuveen New Jersey Quality Municipal Income Fund

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.