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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 309,600 shares, a decrease of 8.0% from the September 30th total of 336,500 shares. Based on an average daily volume of 640,900 shares, the short-interest ratio is currently 0.5 days.

Nuveen Credit Strategies Income Fund Stock Down 0.2 %

JQC stock traded down $0.01 during mid-day trading on Friday, reaching $5.70. 77,584 shares of the company traded hands, compared to its average volume of 612,698. The company has a fifty day moving average price of $5.75 and a 200-day moving average price of $5.65. Nuveen Credit Strategies Income Fund has a 52-week low of $4.98 and a 52-week high of $5.91.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 11.37%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JQC. Northwestern Mutual Wealth Management Co. purchased a new position in Nuveen Credit Strategies Income Fund during the second quarter worth about $34,000. J.W. Cole Advisors Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund during the 2nd quarter valued at about $67,000. First Heartland Consultants Inc. bought a new position in shares of Nuveen Credit Strategies Income Fund in the second quarter worth approximately $68,000. Sanctuary Advisors LLC bought a new position in shares of Nuveen Credit Strategies Income Fund in the second quarter worth approximately $77,000. Finally, Perfromance Wealth Partners LLC purchased a new stake in Nuveen Credit Strategies Income Fund in the third quarter valued at approximately $82,000.

About Nuveen Credit Strategies Income Fund

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.