Nuveen Credit Strategies Income Fund (NYSE:JQC) Sees Large Growth in Short Interest

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 246,562 shares, an increase of 443.0% from the May 31st total of 45,408 shares. Based on an average daily volume of 657,416 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Credit Strategies Income Fund Stock Down 0.3%

Shares of NYSE JQC traded down $0.01 during midday trading on Friday, hitting $4.79. The company had a trading volume of 538,070 shares, compared to its average volume of 783,856. Nuveen Credit Strategies Income Fund has a twelve month low of $4.62 and a twelve month high of $5.58. The business has a 50-day simple moving average of $4.82 and a two-hundred day simple moving average of $4.91.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.0495 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 12.4%.

Insider Activity at Nuveen Credit Strategies Income Fund

In other Nuveen Credit Strategies Income Fund news, Portfolio Manager Scott C. Caraher purchased 10,000 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was purchased at an average cost of $4.69 per share, with a total value of $46,900.00. Following the completion of the acquisition, the portfolio manager directly owned 16,000 shares of the company’s stock, valued at $75,040. This trade represents a 166.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of JQC. Advisory Services Network LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund in the third quarter worth about $35,000. Matauro LLC bought a new stake in Nuveen Credit Strategies Income Fund during the fourth quarter valued at about $51,000. BNP Paribas Financial Markets bought a new position in Nuveen Credit Strategies Income Fund during the third quarter worth $59,000. Icon Wealth Advisors LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at $63,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 1st quarter valued at approximately $70,000.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a closed-end, diversified management investment company that seeks to provide current income while preserving capital. The fund pursues its objective by investing primarily in a broad range of credit instruments, including corporate debt obligations, bank loans, mortgage-related and asset-backed securities, and credit-linked notes. Through active portfolio management, JQC aims to capture income opportunities across different sectors and credit quality tiers.

JQC’s portfolio construction emphasizes flexibility, enabling the fund to shift allocations among investment-grade and below-investment-grade credit depending on market conditions.