Short Interest in Nuveen Credit Strategies Income Fund (NYSE:JQC) Grows By 135.9%

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 376,700 shares, a growth of 135.9% from the October 31st total of 159,700 shares. Based on an average daily volume of 577,500 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at approximately $34,000. J.W. Cole Advisors Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at approximately $67,000. First Heartland Consultants Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at approximately $68,000. Sanctuary Advisors LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at approximately $77,000. Finally, Perfromance Wealth Partners LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 3rd quarter valued at approximately $82,000.

Nuveen Credit Strategies Income Fund Price Performance

Shares of JQC traded up $0.06 during trading hours on Friday, reaching $5.86. The company’s stock had a trading volume of 429,358 shares, compared to its average volume of 603,120. Nuveen Credit Strategies Income Fund has a 1-year low of $5.00 and a 1-year high of $5.91. The company has a 50 day moving average of $5.75 and a two-hundred day moving average of $5.69.

Nuveen Credit Strategies Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.06%.

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.