Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Update

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 263,763 shares, an increase of 105.5% from the November 30th total of 128,341 shares. Based on an average daily volume of 813,879 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 813,879 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Landscape Capital Management L.L.C. bought a new stake in Nuveen Credit Strategies Income Fund in the first quarter worth $1,769,000. WPG Advisers LLC purchased a new stake in shares of Nuveen Credit Strategies Income Fund in the first quarter valued at $43,000. Oak Hill Advisors LP lifted its holdings in shares of Nuveen Credit Strategies Income Fund by 100.0% in the 1st quarter. Oak Hill Advisors LP now owns 6,650,252 shares of the investment management company’s stock worth $35,778,000 after acquiring an additional 3,325,126 shares during the last quarter. Quarry LP purchased a new position in shares of Nuveen Credit Strategies Income Fund during the 1st quarter worth about $2,175,000. Finally, Alpine Global Management LLC bought a new position in Nuveen Credit Strategies Income Fund during the 1st quarter valued at about $3,493,000.

Nuveen Credit Strategies Income Fund Stock Performance

Shares of Nuveen Credit Strategies Income Fund stock traded up $0.01 during trading hours on Friday, reaching $5.06. The company’s stock had a trading volume of 785,125 shares, compared to its average volume of 874,292. The firm has a 50 day moving average price of $5.06 and a 200-day moving average price of $5.28. Nuveen Credit Strategies Income Fund has a one year low of $4.60 and a one year high of $5.82.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.054 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 12.8%.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a closed-end, diversified management investment company that seeks to provide current income while preserving capital. The fund pursues its objective by investing primarily in a broad range of credit instruments, including corporate debt obligations, bank loans, mortgage-related and asset-backed securities, and credit-linked notes. Through active portfolio management, JQC aims to capture income opportunities across different sectors and credit quality tiers.

JQC’s portfolio construction emphasizes flexibility, enabling the fund to shift allocations among investment-grade and below-investment-grade credit depending on market conditions.