Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Short Interest Up 75.2% in February

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 19,100 shares, an increase of 75.2% from the January 31st total of 10,900 shares. Based on an average trading volume of 131,500 shares, the days-to-cover ratio is currently 0.1 days.

Nuveen New Jersey Quality Municipal Income Fund Trading Up 0.0 %

NXJ opened at $12.33 on Tuesday. Nuveen New Jersey Quality Municipal Income Fund has a twelve month low of $11.45 and a twelve month high of $13.13. The company has a fifty day moving average of $12.11 and a 200-day moving average of $12.45.

Nuveen New Jersey Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.0785 per share. The ex-dividend date was Friday, February 14th. This represents a $0.94 dividend on an annualized basis and a yield of 7.64%.

Insider Buying and Selling

In other Nuveen New Jersey Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 11,593 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $12.64, for a total transaction of $146,535.52. Following the completion of the transaction, the insider now owns 5,464,146 shares in the company, valued at approximately $69,066,805.44. This trade represents a 0.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 604,740 shares of company stock valued at $7,393,562 over the last ninety days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Leigh Baldwin & CO. LLC bought a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the 4th quarter valued at about $448,000. Alpine Global Management LLC boosted its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 100.0% during the 4th quarter. Alpine Global Management LLC now owns 100,000 shares of the company’s stock worth $1,217,000 after buying an additional 50,000 shares in the last quarter. Collar Capital Management LLC acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the 4th quarter worth approximately $183,000. Cetera Investment Advisers increased its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 7.2% in the 4th quarter. Cetera Investment Advisers now owns 252,846 shares of the company’s stock valued at $3,077,000 after acquiring an additional 16,921 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the 4th quarter valued at $162,000.

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.