Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Short Interest Report for September

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,026,017 shares, a growth of 413.1% from the September 15th total of 199,954 shares. Based on an average daily volume of 935,830 shares, the short-interest ratio is presently 1.1 days.

Nuveen Credit Strategies Income Fund Price Performance

Shares of NYSE:JQC traded up $0.04 during midday trading on Friday, reaching $4.66. The company had a trading volume of 530,056 shares, compared to its average volume of 733,604. The company’s 50 day moving average price is $4.73 and its 200 day moving average price is $4.78. Nuveen Credit Strategies Income Fund has a 52-week low of $4.57 and a 52-week high of $5.29.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a $0.0495 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.59 annualized dividend and a yield of 12.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter worth approximately $54,000. Wealthspan Partners LLC purchased a new stake in Nuveen Credit Strategies Income Fund in the second quarter worth $55,000. Icon Wealth Advisors LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at $63,000. Equitable Holdings Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the second quarter valued at $63,000. Finally, Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the second quarter valued at $71,000.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a portfolio of credit-related securities.

Its investments may include senior secured floating-rate loans, below-investment-grade corporate debt, high-yield bonds and other income-producing credit instruments. These securities are generally issued by companies across a range of industries and may include investments in structured credit markets, such as collateralized loan obligations.

JQC is managed by Nuveen Asset Management, LLC, an investment-management affiliate of Nuveen.