Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Down 38.6% in April

Nuveen Credit Strategies Income Fund (NYSE:JQCGet Rating) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 87,600 shares, a decrease of 38.6% from the March 31st total of 142,700 shares. Based on an average daily volume of 602,100 shares, the days-to-cover ratio is currently 0.1 days.

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in Nuveen Credit Strategies Income Fund by 11.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,982 shares of the investment management company’s stock valued at $130,000 after buying an additional 1,975 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in Nuveen Credit Strategies Income Fund by 18.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 13,325 shares of the investment management company’s stock valued at $82,000 after buying an additional 2,108 shares during the last quarter. Access Financial Services Inc. raised its position in Nuveen Credit Strategies Income Fund by 5.9% in the 1st quarter. Access Financial Services Inc. now owns 43,190 shares of the investment management company’s stock valued at $267,000 after buying an additional 2,400 shares during the last quarter. Bank of America Corp DE raised its position in Nuveen Credit Strategies Income Fund by 1.9% in the 4th quarter. Bank of America Corp DE now owns 139,787 shares of the investment management company’s stock valued at $907,000 after buying an additional 2,665 shares during the last quarter. Finally, We Are One Seven LLC raised its position in Nuveen Credit Strategies Income Fund by 27.6% in the 3rd quarter. We Are One Seven LLC now owns 13,281 shares of the investment management company’s stock valued at $88,000 after buying an additional 2,872 shares during the last quarter.

Shares of NYSE:JQC opened at $5.92 on Friday. Nuveen Credit Strategies Income Fund has a twelve month low of $5.70 and a twelve month high of $6.81. The stock’s 50 day moving average is $6.01 and its 200-day moving average is $6.30.

The company also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be given a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend is Wednesday, April 13th.

About Nuveen Credit Strategies Income Fund (Get Rating)

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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