Nuveen Credit Strategies Income Fund (NYSE:JQC) Sees Large Growth in Short Interest

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant growth in short interest in 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 daily volume of 666,600 shares, the short-interest ratio is presently 0.2 days.

Nuveen Credit Strategies Income Fund Price Performance

Shares of Nuveen Credit Strategies Income Fund stock traded up $0.04 during trading hours on Friday, hitting $5.55. The company’s stock had a trading volume of 641,402 shares, compared to its average volume of 601,299. The business has a 50 day moving average price of $5.62 and a two-hundred day moving average price of $5.72. Nuveen Credit Strategies Income Fund has a 12-month low of $5.30 and a 12-month high of $5.94.

Nuveen Credit Strategies Income Fund Announces Dividend

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

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several large investors have recently made changes to their positions in JQC. US Bancorp DE lifted its position 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 worth $34,000 after buying an additional 1,800 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter worth about $63,000. Sheaff Brock Investment Advisors LLC bought a new stake in Nuveen Credit Strategies Income Fund during the fourth quarter worth approximately $72,000. DKM Wealth Management Inc. bought a new stake in Nuveen Credit Strategies Income Fund during the fourth quarter worth approximately $85,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in Nuveen Credit Strategies Income Fund during the fourth quarter worth approximately $88,000.

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.