Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Short Interest Climbs 413.1%

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,026,017 shares, a growth of 413.1% from the September 15th total of 199,954 shares. Based on an average trading volume of 935,830 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Nuveen Credit Strategies Income Fund during the 2nd quarter valued at $54,000. Wealthspan Partners LLC purchased a new position in shares of Nuveen Credit Strategies Income Fund in the second quarter valued at about $55,000. Icon Wealth Advisors LLC purchased a new position in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at about $63,000. Equitable Holdings Inc. purchased a new position in shares of Nuveen Credit Strategies Income Fund in the second quarter valued at about $63,000. Finally, Allen Mooney & Barnes Investment Advisors LLC bought a new position in shares of Nuveen Credit Strategies Income Fund during the second quarter valued at about $71,000.

Nuveen Credit Strategies Income Fund Price Performance

Nuveen Credit Strategies Income Fund stock traded down $0.04 during trading hours on Monday, reaching $4.62. The company had a trading volume of 955,849 shares, compared to its average volume of 734,745. The company has a 50-day moving average price of $4.73 and a 200 day moving average price of $4.78. Nuveen Credit Strategies Income Fund has a 12-month low of $4.57 and a 12-month high of $5.25.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.0495 dividend. This represents a $0.59 annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Thursday, October 15th.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol JQC. The fund seeks to provide current income and total return by investing in a diversified portfolio of credit-related securities.

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