Short Interest in Nuveen Credit Strategies Income Fund (NYSE:JQC) Rises By 406.2%

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 520,900 shares, an increase of 406.2% from the August 15th total of 102,900 shares. Based on an average daily volume of 629,700 shares, the days-to-cover ratio is presently 0.8 days.

Nuveen Credit Strategies Income Fund Trading Down 1.0 %

Shares of NYSE:JQC traded down $0.06 during trading on Friday, hitting $5.74. 821,048 shares of the company’s stock traded hands, compared to its average volume of 623,461. Nuveen Credit Strategies Income Fund has a 52 week low of $4.82 and a 52 week high of $5.91. The company has a 50-day moving average price of $5.70 and a 200-day moving average price of $5.61.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 11.29%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Institutional investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC increased its position in shares of Nuveen Credit Strategies Income Fund by 18.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 54,963 shares of the investment management company’s stock worth $306,000 after purchasing an additional 8,376 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Nuveen Credit Strategies Income Fund by 24.9% during the 1st quarter. Park Avenue Securities LLC now owns 51,008 shares of the investment management company’s stock worth $284,000 after purchasing an additional 10,177 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Nuveen Credit Strategies Income Fund by 10.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 86,579 shares of the investment management company’s stock worth $452,000 after purchasing an additional 8,100 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Nuveen Credit Strategies Income Fund during the 4th quarter worth approximately $70,000. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund during the 1st quarter worth approximately $81,000.

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.