Nuveen Credit Strategies Income Fund (NYSE:JQC) Sees Large Increase in Short Interest

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 376,700 shares, an increase of 135.9% from the October 31st total of 159,700 shares. Based on an average daily trading volume, of 577,500 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Nuveen Credit Strategies Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in Nuveen Credit Strategies Income Fund in the 2nd quarter worth about $34,000. J.W. Cole Advisors Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund during the 2nd quarter valued at $67,000. First Heartland Consultants Inc. bought a new position in Nuveen Credit Strategies Income Fund in the 2nd quarter worth about $68,000. Sanctuary Advisors LLC purchased a new position in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter worth about $77,000. Finally, Perfromance Wealth Partners LLC purchased a new stake in Nuveen Credit Strategies Income Fund during the 3rd quarter valued at about $82,000.

Nuveen Credit Strategies Income Fund Price Performance

JQC stock traded up $0.02 during midday trading on Thursday, reaching $5.80. The stock had a trading volume of 408,239 shares, compared to its average volume of 603,875. Nuveen Credit Strategies Income Fund has a twelve month low of $4.98 and a twelve month high of $5.91. The business has a fifty day simple moving average of $5.74 and a two-hundred day simple moving average of $5.69.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a dividend yield of 11.17%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Credit Strategies Income Fund Company Profile

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.