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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 309,600 shares, a drop of 8.0% from the September 30th total of 336,500 shares. Based on an average daily trading volume, of 640,900 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JQC. Capital Wealth Alliance LLC increased its position in Nuveen Credit Strategies Income Fund by 5.5% during the 2nd quarter. Capital Wealth Alliance LLC now owns 122,122 shares of the investment management company’s stock worth $678,000 after purchasing an additional 6,413 shares during the period. Family Firm Inc. grew its holdings in Nuveen Credit Strategies Income Fund by 2.9% during the second quarter. Family Firm Inc. now owns 116,004 shares of the investment management company’s stock worth $644,000 after acquiring an additional 3,312 shares during the period. Comerica Bank raised its position in Nuveen Credit Strategies Income Fund by 5.0% in the first quarter. Comerica Bank now owns 70,590 shares of the investment management company’s stock worth $393,000 after acquiring an additional 3,354 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Nuveen Credit Strategies Income Fund by 33.7% in the first quarter. Cetera Investment Advisers now owns 355,717 shares of the investment management company’s stock valued at $1,981,000 after acquiring an additional 89,657 shares during the period. Finally, Simplicity Wealth LLC acquired a new stake in Nuveen Credit Strategies Income Fund in the second quarter valued at $245,000.

Nuveen Credit Strategies Income Fund Stock Performance

JQC traded up $0.02 during trading on Thursday, hitting $5.71. The stock had a trading volume of 522,997 shares, compared to its average volume of 615,234. Nuveen Credit Strategies Income Fund has a twelve month low of $4.88 and a twelve month high of $5.91. The company’s 50-day moving average price is $5.75 and its 200 day moving average price is $5.65.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.054 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.35%.

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.