Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Short Interest Report for September

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,026,017 shares, an increase 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 currently 1.1 days.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

A number of institutional investors have recently made changes to their positions in the stock. Castleview Partners LLC increased its stake in shares of Nuveen Credit Strategies Income Fund by 8.5% in the 3rd quarter. Castleview Partners LLC now owns 168,987 shares of the investment management company’s stock valued at $803,000 after acquiring an additional 13,279 shares during the last quarter. Venture Visionary Partners LLC raised its position in shares of Nuveen Credit Strategies Income Fund by 10.3% in the 3rd quarter. Venture Visionary Partners LLC now owns 590,467 shares of the investment management company’s stock valued at $2,805,000 after acquiring an additional 55,000 shares during the period. NewEdge Advisors LLC boosted its stake in Nuveen Credit Strategies Income Fund by 14.7% during the 2nd quarter. NewEdge Advisors LLC now owns 135,602 shares of the investment management company’s stock worth $659,000 after acquiring an additional 17,374 shares during the last quarter. Citadel Advisors LLC bought a new position in Nuveen Credit Strategies Income Fund during the 2nd quarter worth approximately $77,000. Finally, Ameritas Advisory Services LLC bought a new position in Nuveen Credit Strategies Income Fund during the 2nd quarter worth approximately $54,000.

Nuveen Credit Strategies Income Fund Price Performance

JQC stock traded up $0.04 during midday trading on Friday, reaching $4.66. The company’s stock had a trading volume of 530,056 shares, compared to its average volume of 733,604. The business’s 50-day simple moving average is $4.73 and its 200-day simple moving average is $4.78. Nuveen Credit Strategies Income Fund has a 52 week low of $4.57 and a 52 week high of $5.29.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a $0.0495 dividend. This represents a $0.59 annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Thursday, October 15th.

Nuveen Credit Strategies Income Fund Company Profile

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.