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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 123,400 shares, a growth of 218.0% from the January 31st total of 38,800 shares. Based on an average trading volume of 666,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in shares of Nuveen Credit Strategies Income Fund by 42.9% in the fourth quarter. US Bancorp DE now owns 5,992 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 1,800 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund during the 4th quarter worth approximately $63,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $72,000. DKM Wealth Management Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $85,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Nuveen Credit Strategies Income Fund during the fourth quarter worth approximately $88,000.

Nuveen Credit Strategies Income Fund Trading Up 0.6 %

Shares of NYSE:JQC traded up $0.04 during trading on Friday, reaching $5.55. 568,871 shares of the stock were exchanged, compared to its average volume of 602,656. Nuveen Credit Strategies Income Fund has a 12 month low of $5.30 and a 12 month high of $5.94. The stock has a 50-day moving average price of $5.63 and a 200-day moving average price of $5.72.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 11.69%. The ex-dividend date is Friday, February 14th.

About Nuveen Credit Strategies Income Fund

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.