Short Interest in Nuveen Credit Strategies Income Fund (NYSE:JQC) Decreases By 36.4%

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 178,300 shares, a decline of 36.4% from the May 15th total of 280,500 shares. Based on an average trading volume of 1,177,500 shares, the short-interest ratio is presently 0.2 days.

Nuveen Credit Strategies Income Fund Stock Performance

Shares of Nuveen Credit Strategies Income Fund stock traded down $0.02 on Tuesday, hitting $5.29. 221,626 shares of the company’s stock traded hands, compared to its average volume of 771,078. The firm’s 50-day moving average price is $5.22 and its two-hundred day moving average price is $5.45. Nuveen Credit Strategies Income Fund has a one year low of $4.60 and a one year 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, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.054 per share. The ex-dividend date is Friday, June 13th. This represents a $0.65 annualized dividend and a dividend yield of 12.26%.

Institutional Trading of Nuveen Credit Strategies Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE grew its holdings in Nuveen Credit Strategies Income Fund by 42.9% during the fourth quarter. US Bancorp DE now owns 5,992 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 1,800 shares during the period. WPG Advisers LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 1st quarter valued at $43,000. Apollon Wealth Management LLC acquired a new position in Nuveen Credit Strategies Income Fund in the fourth quarter valued at about $63,000. Oppenheimer & Co. Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the first quarter worth about $63,000. Finally, Integrity Alliance LLC. acquired a new stake in shares of Nuveen Credit Strategies Income Fund during the first quarter worth about $63,000.

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.