Short Interest in Nuveen Credit Strategies Income Fund (NYSE:JQC) Grows By 93.9%

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 140,600 shares, an increase of 93.9% from the June 30th total of 72,500 shares. Based on an average daily volume of 542,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Nuveen Credit Strategies Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Avantax Advisory Services Inc. grew its holdings in Nuveen Credit Strategies Income Fund by 7.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 28,056 shares of the investment management company’s stock valued at $146,000 after purchasing an additional 1,913 shares during the period. Sowell Financial Services LLC grew its holdings in Nuveen Credit Strategies Income Fund by 0.5% during the fourth quarter. Sowell Financial Services LLC now owns 414,736 shares of the investment management company’s stock valued at $2,165,000 after purchasing an additional 2,000 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Nuveen Credit Strategies Income Fund by 7.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 30,097 shares of the investment management company’s stock valued at $168,000 after purchasing an additional 2,077 shares during the period. BKA Wealth Consulting Inc. grew its holdings in Nuveen Credit Strategies Income Fund by 3.7% during the fourth quarter. BKA Wealth Consulting Inc. now owns 59,642 shares of the investment management company’s stock valued at $311,000 after purchasing an additional 2,155 shares during the period. Finally, NBC Securities Inc. grew its holdings in Nuveen Credit Strategies Income Fund by 4.2% during the first quarter. NBC Securities Inc. now owns 61,607 shares of the investment management company’s stock valued at $343,000 after purchasing an additional 2,486 shares during the period.

Nuveen Credit Strategies Income Fund Stock Performance

Shares of JQC traded up $0.06 on Friday, reaching $5.65. 262,124 shares of the company’s stock traded hands, compared to its average volume of 606,111. The stock’s 50 day simple moving average is $5.61 and its two-hundred day simple moving average is $5.52. Nuveen Credit Strategies Income Fund has a 52-week low of $4.82 and a 52-week high of $5.75.

Nuveen Credit Strategies Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date of this dividend is Monday, July 15th.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments.