Short Interest in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Declines By 42.6%

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 54,600 shares, a drop of 42.6% from the September 15th total of 95,100 shares. Based on an average daily volume of 82,000 shares, the short-interest ratio is presently 0.7 days.

Nuveen New Jersey Quality Municipal Income Fund Trading Up 0.3 %

NXJ traded up $0.04 on Friday, hitting $13.01. 11,109 shares of the company were exchanged, compared to its average volume of 71,396. Nuveen New Jersey Quality Municipal Income Fund has a fifty-two week low of $10.06 and a fifty-two week high of $13.13. The business’s fifty day moving average is $12.79 and its 200 day moving average is $12.32.

Nuveen New Jersey Quality Municipal Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.079 per share. The ex-dividend date is Tuesday, October 15th. This is a boost from Nuveen New Jersey Quality Municipal Income Fund’s previous monthly dividend of $0.08. This represents a $0.95 annualized dividend and a yield of 7.29%.

Institutional Trading of Nuveen New Jersey Quality Municipal Income Fund

A number of institutional investors have recently bought and sold shares of NXJ. OMNI 360 Wealth Inc. boosted its position in shares of Nuveen New Jersey Quality Municipal Income Fund by 3.7% in the 2nd quarter. OMNI 360 Wealth Inc. now owns 23,377 shares of the company’s stock worth $285,000 after buying an additional 830 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 9.3% in the fourth quarter. Tortoise Investment Management LLC now owns 16,784 shares of the company’s stock valued at $198,000 after purchasing an additional 1,429 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 72.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 17,915 shares of the company’s stock valued at $211,000 after purchasing an additional 7,506 shares in the last quarter. HBK Sorce Advisory LLC grew its position in shares of Nuveen New Jersey Quality Municipal Income Fund by 48.7% in the second quarter. HBK Sorce Advisory LLC now owns 29,039 shares of the company’s stock valued at $355,000 after purchasing an additional 9,504 shares during the last quarter. Finally, Regal Investment Advisors LLC purchased a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the 2nd quarter worth approximately $132,000.

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.