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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 340,087 shares, a growth of 65.9% from the January 15th total of 204,971 shares. Based on an average daily volume of 838,929 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 838,929 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its holdings in Nuveen Credit Strategies Income Fund by 11.9% during the second quarter. Advisors Asset Management Inc. now owns 1,289,447 shares of the investment management company’s stock worth $6,950,000 after buying an additional 136,874 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Nuveen Credit Strategies Income Fund by 96.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 248,766 shares of the investment management company’s stock valued at $1,341,000 after acquiring an additional 122,453 shares during the last quarter. DCF Advisers LLC raised its position in shares of Nuveen Credit Strategies Income Fund by 14.5% in the 2nd quarter. DCF Advisers LLC now owns 371,713 shares of the investment management company’s stock valued at $2,004,000 after acquiring an additional 47,000 shares during the period. Allworth Financial LP bought a new position in Nuveen Credit Strategies Income Fund during the 2nd quarter worth approximately $82,000. Finally, City of London Investment Management Co. Ltd. boosted its stake in Nuveen Credit Strategies Income Fund by 69.4% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 635,847 shares of the investment management company’s stock worth $3,427,000 after acquiring an additional 260,389 shares during the last quarter.

Nuveen Credit Strategies Income Fund Stock Down 0.3%

JQC traded down $0.02 during mid-day trading on Friday, reaching $5.08. The stock had a trading volume of 1,110,261 shares, compared to its average volume of 914,315. The firm’s fifty day simple moving average is $5.07 and its two-hundred day simple moving average is $5.20. Nuveen Credit Strategies Income Fund has a 52 week low of $4.60 and a 52 week high of $5.59.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a $0.054 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 12.8%.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a closed-end, diversified management investment company that seeks to provide current income while preserving capital. The fund pursues its objective by investing primarily in a broad range of credit instruments, including corporate debt obligations, bank loans, mortgage-related and asset-backed securities, and credit-linked notes. Through active portfolio management, JQC aims to capture income opportunities across different sectors and credit quality tiers.

JQC’s portfolio construction emphasizes flexibility, enabling the fund to shift allocations among investment-grade and below-investment-grade credit depending on market conditions.