Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Down 8.0% in October

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

Institutional Trading of Nuveen Credit Strategies Income Fund

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Nuveen Credit Strategies Income Fund during the 2nd quarter worth approximately $34,000. J.W. Cole Advisors Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the second quarter valued at $67,000. First Heartland Consultants Inc. purchased a new position in shares of Nuveen Credit Strategies Income Fund during the 2nd quarter valued at $68,000. Sanctuary Advisors LLC bought a new position in shares of Nuveen Credit Strategies Income Fund during the 2nd quarter worth $77,000. Finally, Perfromance Wealth Partners LLC purchased a new stake in Nuveen Credit Strategies Income Fund in the 3rd quarter worth about $82,000.

Nuveen Credit Strategies Income Fund Stock Performance

Nuveen Credit Strategies Income Fund stock traded down $0.01 during mid-day trading on Friday, reaching $5.70. 77,584 shares of the company’s stock were exchanged, compared to its average volume of 612,698. The business’s fifty day simple moving average is $5.75 and its 200 day simple moving average is $5.65. Nuveen Credit Strategies Income Fund has a one year low of $4.98 and a one year high of $5.91.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date is Tuesday, October 15th.

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.