Short Interest in Nuveen Credit Strategies Income Fund (NYSE:JQC) Expands By 135.9%

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a large 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 trading volume of 577,500 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen Credit Strategies Income Fund Stock Performance

Shares of JQC traded up $0.06 during midday trading on Friday, hitting $5.86. The company had a trading volume of 429,358 shares, compared to its average volume of 603,120. Nuveen Credit Strategies Income Fund has a 1 year low of $5.00 and a 1 year high of $5.91. The company’s 50-day simple moving average is $5.75 and its 200-day simple moving average is $5.69.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.054 per share. The ex-dividend date is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.06%.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

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

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.