Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Short Interest Report for September

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,026,017 shares, an increase of 413.1% from the September 15th total of 199,954 shares. Based on an average daily trading volume, of 935,830 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC increased its position in shares of Nuveen Credit Strategies Income Fund by 3.6% during the first quarter. Kestra Advisory Services LLC now owns 70,273 shares of the investment management company’s stock valued at $342,000 after acquiring an additional 2,452 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 4.3% during the first quarter. International Assets Investment Management LLC now owns 78,144 shares of the investment management company’s stock worth $377,000 after acquiring an additional 3,250 shares during the period. Ameritas Advisory Services LLC purchased a new position in Nuveen Credit Strategies Income Fund in the second quarter worth $54,000. Wealthspan Partners LLC purchased a new position in Nuveen Credit Strategies Income Fund in the second quarter worth $55,000. Finally, Icon Wealth Advisors LLC bought a new position in Nuveen Credit Strategies Income Fund in the 4th quarter valued at $63,000.

Nuveen Credit Strategies Income Fund Trading Up 0.8%

Nuveen Credit Strategies Income Fund stock traded up $0.04 during trading on Friday, hitting $4.66. 530,056 shares of the company were exchanged, compared to its average volume of 733,604. The business’s 50 day moving average is $4.73 and its 200 day moving average is $4.78. Nuveen Credit Strategies Income Fund has a 52 week low of $4.57 and a 52 week high of $5.29.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0495 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.59 annualized dividend and a dividend yield of 12.8%.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a portfolio of credit-related securities.

Its investments may include senior secured floating-rate loans, below-investment-grade corporate debt, high-yield bonds and other income-producing credit instruments. These securities are generally issued by companies across a range of industries and may include investments in structured credit markets, such as collateralized loan obligations.

JQC is managed by Nuveen Asset Management, LLC, an investment-management affiliate of Nuveen.