Short Interest in Nuveen Credit Strategies Income Fund (NYSE:JQC) Increases By 6.3%

Nuveen Credit Strategies Income Fund (NYSE:JQCGet Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 561,500 shares, a growth of 6.3% from the February 29th total of 528,200 shares. Based on an average daily volume of 712,500 shares, the days-to-cover ratio is currently 0.8 days.

Nuveen Credit Strategies Income Fund Trading Down 0.4 %

Shares of JQC stock opened at $5.54 on Thursday. The business’s 50 day moving average is $5.47 and its two-hundred day moving average is $5.23. Nuveen Credit Strategies Income Fund has a twelve month low of $4.82 and a twelve month high of $5.65.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.65 annualized dividend and a dividend yield of 11.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Perigon Wealth Management LLC purchased a new position in shares of Nuveen Credit Strategies Income Fund in the 3rd quarter valued at approximately $62,000. Centurion Wealth Management LLC purchased a new stake in shares of Nuveen Credit Strategies Income Fund in the third quarter valued at approximately $100,000. Private Management Group Inc. boosted its stake in shares of Nuveen Credit Strategies Income Fund by 49.3% in the third quarter. Private Management Group Inc. now owns 1,802,183 shares of the investment management company’s stock valued at $9,119,000 after buying an additional 595,356 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Nuveen Credit Strategies Income Fund by 16.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 779,132 shares of the investment management company’s stock valued at $3,942,000 after buying an additional 110,579 shares in the last quarter. Finally, GraniteShares Advisors LLC boosted its stake in shares of Nuveen Credit Strategies Income Fund by 4.0% in the third quarter. GraniteShares Advisors LLC now owns 285,381 shares of the investment management company’s stock valued at $1,444,000 after buying an additional 10,948 shares in the last quarter.

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.

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