Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Short Interest Climbs 163.2%

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 199,954 shares, an increase of 163.2% from the August 31st total of 75,958 shares. Based on an average daily trading volume, of 541,730 shares, the short-interest ratio is currently 0.4 days.

Nuveen Credit Strategies Income Fund Stock Up 2.9%

Shares of NYSE JQC opened at $4.71 on Friday. Nuveen Credit Strategies Income Fund has a 12-month low of $4.57 and a 12-month high of $5.35. The stock’s fifty day simple moving average is $4.75 and its two-hundred day simple moving average is $4.79.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0495 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in JQC. Independent Financial Group LLC purchased a new stake in shares of Nuveen Credit Strategies Income Fund during the first quarter valued at about $1,363,000. Private Advisor Group LLC grew its position in shares of Nuveen Credit Strategies Income Fund by 312.5% in the 1st quarter. Private Advisor Group LLC now owns 209,163 shares of the investment management company’s stock worth $1,019,000 after buying an additional 158,460 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Nuveen Credit Strategies Income Fund by 18.3% during the 1st quarter. Cetera Investment Advisers now owns 831,412 shares of the investment management company’s stock worth $4,049,000 after acquiring an additional 128,430 shares in the last quarter. Wealth Effects LLC bought a new position in shares of Nuveen Credit Strategies Income Fund during the 1st quarter worth approximately $608,000. Finally, Fiera Capital Corp lifted its position in Nuveen Credit Strategies Income Fund by 53.8% during the fourth quarter. Fiera Capital Corp now owns 330,166 shares of the investment management company’s stock valued at $1,657,000 after acquiring an additional 115,460 shares during the last quarter.

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.