Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Update

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 300,800 shares, an increase of 96.1% from the February 28th total of 153,400 shares. Based on an average daily trading volume, of 820,900 shares, the days-to-cover ratio is presently 0.4 days.

Nuveen Credit Strategies Income Fund Price Performance

Shares of JQC traded up $0.05 during trading on Friday, reaching $5.40. 1,545,666 shares of the company traded hands, compared to its average volume of 643,631. The stock has a 50-day simple moving average of $5.52 and a 200-day simple moving average of $5.67. Nuveen Credit Strategies Income Fund has a twelve month low of $5.28 and a twelve month high of $5.94.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 annualized dividend and a yield of 12.01%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of Nuveen Credit Strategies Income Fund by 42.9% in the 4th quarter. US Bancorp DE now owns 5,992 shares of the investment management company’s stock valued at $34,000 after buying an additional 1,800 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund during the fourth quarter worth about $63,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $72,000. DKM Wealth Management Inc. purchased a new stake in Nuveen Credit Strategies Income Fund during the 4th quarter worth approximately $85,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Nuveen Credit Strategies Income Fund during the 4th quarter worth approximately $88,000.

About Nuveen Credit Strategies Income Fund

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.