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

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 199,954 shares, a growth of 163.2% from the August 31st total of 75,958 shares. Based on an average daily volume of 541,730 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several institutional investors have recently made changes to their positions in JQC. Ameritas Advisory Services LLC purchased a new stake in Nuveen Credit Strategies Income Fund during the second quarter worth $54,000. Wealthspan Partners LLC purchased a new position in Nuveen Credit Strategies Income Fund in the second quarter valued at $55,000. Icon Wealth Advisors LLC purchased a new position in Nuveen Credit Strategies Income Fund in the fourth quarter valued at $63,000. Equitable Holdings Inc. acquired a new position in shares of Nuveen Credit Strategies Income Fund in the second quarter worth about $63,000. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund in the second quarter worth about $71,000.

Nuveen Credit Strategies Income Fund Stock Down 0.3%

Nuveen Credit Strategies Income Fund stock traded down $0.01 during midday trading on Monday, hitting $4.70. 1,058,533 shares of the company were exchanged, compared to its average volume of 727,407. Nuveen Credit Strategies Income Fund has a fifty-two week low of $4.57 and a fifty-two week high of $5.35. The business has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $4.79.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0495 dividend. This represents a $0.59 annualized dividend and a yield of 12.7%. The ex-dividend date is Tuesday, September 15th.

Nuveen Credit Strategies Income Fund Company Profile

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a portfolio of credit-related securities.

Its investments may include senior secured floating-rate loans, below-investment-grade corporate debt, high-yield bonds and other income-producing credit instruments. These securities are generally issued by companies across a range of industries and may include investments in structured credit markets, such as collateralized loan obligations.

JQC is managed by Nuveen Asset Management, LLC, an investment-management affiliate of Nuveen.