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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 176,200 shares, an increase of 51.0% from the May 31st total of 116,700 shares. Based on an average daily volume of 511,000 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen Credit Strategies Income Fund Stock Down 0.2 %

Shares of JQC stock traded down $0.01 on Friday, reaching $5.55. 1,141,899 shares of the company were exchanged, compared to its average volume of 605,349. Nuveen Credit Strategies Income Fund has a 1 year low of $4.82 and a 1 year high of $5.72. The business has a 50-day moving average price of $5.59 and a 200 day moving average price of $5.46.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.054 per share. The ex-dividend date is Friday, June 14th. This represents a $0.65 annualized dividend and a yield of 11.68%.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in JQC. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at about $58,000. Nomura Holdings Inc. purchased a new stake in shares of Nuveen Credit Strategies Income Fund in the 4th quarter valued at approximately $70,000. Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Nuveen Credit Strategies Income Fund during the third quarter worth $74,000. Alexander Labrunerie & CO. Inc. purchased a new position in shares of Nuveen Credit Strategies Income Fund during the first quarter worth $128,000. Finally, Avantax Advisory Services Inc. grew its stake in shares of Nuveen Credit Strategies Income Fund by 7.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 28,056 shares of the investment management company’s stock valued at $146,000 after buying an additional 1,913 shares in the last quarter.

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.