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

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 38,585 shares, a decrease of 85.4% from the December 15th total of 263,763 shares. Based on an average daily volume of 1,187,827 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,187,827 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maryland Capital Advisors Inc. acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $27,000. Advisory Services Network LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund during the 3rd quarter worth $35,000. Halbert Hargrove Global Advisors LLC boosted its stake in Nuveen Credit Strategies Income Fund by 166.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 8,000 shares of the investment management company’s stock valued at $42,000 after buying an additional 5,000 shares in the last quarter. Farther Finance Advisors LLC grew its position in Nuveen Credit Strategies Income Fund by 138.3% in the second quarter. Farther Finance Advisors LLC now owns 8,902 shares of the investment management company’s stock valued at $48,000 after acquiring an additional 5,166 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Nuveen Credit Strategies Income Fund during the third quarter worth about $54,000.

Nuveen Credit Strategies Income Fund Stock Up 0.3%

JQC stock traded up $0.02 during midday trading on Tuesday, reaching $5.16. The company had a trading volume of 1,203,315 shares, compared to its average volume of 954,464. Nuveen Credit Strategies Income Fund has a 1-year low of $4.60 and a 1-year high of $5.70. The stock has a 50 day moving average price of $5.05 and a 200-day moving average price of $5.26.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Thursday, January 15th.

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.