Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Up 76.8% in May

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 124,965 shares, an increase of 76.8% from the April 30th total of 70,675 shares. Based on an average daily trading volume, of 542,338 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Credit Strategies Income Fund Stock Performance

Shares of JQC opened at $4.81 on Thursday. The stock has a fifty day moving average price of $4.81 and a 200 day moving average price of $4.94. Nuveen Credit Strategies Income Fund has a 12 month low of $4.62 and a 12 month high of $5.58.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.0495 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Monday, June 15th.

Insider Buying and Selling

In related news, Portfolio Manager Scott C. Caraher acquired 10,000 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was purchased at an average cost of $4.69 per share, for a total transaction of $46,900.00. Following the purchase, the portfolio manager directly owned 16,000 shares in the company, valued at $75,040. This represents a 166.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JQC. Advisory Services Network LLC bought a new position in Nuveen Credit Strategies Income Fund during the 3rd quarter worth $35,000. Matauro LLC bought a new position in Nuveen Credit Strategies Income Fund during the 4th quarter worth $51,000. BNP Paribas Financial Markets bought a new position in Nuveen Credit Strategies Income Fund during the 3rd quarter worth $59,000. Icon Wealth Advisors LLC bought a new position in Nuveen Credit Strategies Income Fund during the 4th quarter worth $63,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Nuveen Credit Strategies Income Fund during the 1st quarter worth $70,000.

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.