Nuveen Credit Strategies Income Fund (NYSE:JQC) Sees Significant Decrease in Short Interest

Nuveen Credit Strategies Income Fund (NYSE:JQCGet Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 221,200 shares, a drop of 63.3% from the January 15th total of 602,500 shares. Based on an average daily trading volume, of 698,400 shares, the short-interest ratio is presently 0.3 days.

Nuveen Credit Strategies Income Fund Stock Up 0.4 %

JQC traded up $0.02 during mid-day trading on Monday, reaching $5.39. The stock had a trading volume of 645,318 shares, compared to its average volume of 767,979. The firm’s fifty day simple moving average is $5.25 and its two-hundred day simple moving average is $5.11. Nuveen Credit Strategies Income Fund has a 52 week low of $4.82 and a 52 week high of $5.44.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.054 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.65 dividend on an annualized basis and a yield of 12.02%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cetera Advisor Networks LLC bought a new position in shares of Nuveen Credit Strategies Income Fund in the 1st quarter worth $123,000. Private Advisor Group LLC bought a new position in shares of Nuveen Credit Strategies Income Fund in the 1st quarter worth $97,000. Cetera Investment Advisers boosted its position in shares of Nuveen Credit Strategies Income Fund by 24.7% in the 1st quarter. Cetera Investment Advisers now owns 239,827 shares of the investment management company’s stock worth $1,482,000 after purchasing an additional 47,490 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Nuveen Credit Strategies Income Fund by 106.3% in the 1st quarter. Penserra Capital Management LLC now owns 1,849,176 shares of the investment management company’s stock worth $11,427,000 after purchasing an additional 952,667 shares during the last quarter. Finally, Quantedge Capital Pte Ltd bought a new position in shares of Nuveen Credit Strategies Income Fund in the 1st quarter worth $121,000.

About Nuveen Credit Strategies Income Fund

(Get Free Report)

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.

Further Reading

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