Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 27,500 shares, an increase of 539.5% from the August 15th total of 4,300 shares. Based on an average trading volume of 74,900 shares, the days-to-cover ratio is currently 0.4 days.
Nuveen New Jersey Quality Municipal Income Fund Price Performance
NXJ traded up $0.04 during mid-day trading on Friday, reaching $13.01. 51,742 shares of the company traded hands, compared to its average volume of 69,045. The company’s fifty day moving average price is $12.62 and its 200-day moving average price is $12.22. Nuveen New Jersey Quality Municipal Income Fund has a 52-week low of $10.06 and a 52-week high of $13.08.
Nuveen New Jersey Quality Municipal Income Fund Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.0785 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.94 annualized dividend and a dividend yield of 7.24%.
Institutional Inflows and Outflows
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.
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