Nuveen Short Duration Credit Opportunities Fund (NYSE:JSD) Short Interest Update

Nuveen Short Duration Credit Opportunities Fund (NYSE:JSD – Get Rating) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 7,300 shares, a decline of 21.5% from the March 31st total of 9,300 shares. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is presently 0.2 days.

Shares of JSD stock opened at $13.32 on Thursday. The business’s fifty day moving average price is $13.92 and its 200 day moving average price is $14.54. Nuveen Short Duration Credit Opportunities Fund has a 1-year low of $13.20 and a 1-year high of $15.50.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a dividend of $0.086 per share. This represents a $1.03 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Thursday, May 12th.

In other Nuveen Short Duration Credit Opportunities Fund news, major shareholder Saba Capital Management, L.P. sold 3,248 shares of Nuveen Short Duration Credit Opportunities Fund stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $13.38, for a total value of $43,458.24. Following the sale, the insider now owns 1,047,265 shares of the company’s stock, valued at approximately $14,012,405.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

A number of hedge funds have recently made changes to their positions in JSD. Spire Wealth Management acquired a new position in Nuveen Short Duration Credit Opportunities Fund during the fourth quarter worth $59,000. Bank of America Corp DE grew its holdings in Nuveen Short Duration Credit Opportunities Fund by 339.6% during the second quarter. Bank of America Corp DE now owns 6,646 shares of the closed-end fund’s stock worth $100,000 after acquiring an additional 5,134 shares during the period. Royal Bank of Canada boosted its position in Nuveen Short Duration Credit Opportunities Fund by 17.5% during the third quarter. Royal Bank of Canada now owns 6,700 shares of the closed-end fund’s stock worth $101,000 after purchasing an additional 1,000 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Nuveen Short Duration Credit Opportunities Fund during the third quarter worth $154,000. Finally, UBS Group AG boosted its position in Nuveen Short Duration Credit Opportunities Fund by 15.1% during the third quarter. UBS Group AG now owns 12,374 shares of the closed-end fund’s stock worth $187,000 after purchasing an additional 1,624 shares in the last quarter.

About Nuveen Short Duration Credit Opportunities Fund (Get Rating)

Nuveen Short Duration Credit Opportunities Fund is a fund launched and managed by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors, Inc and Symphony Asset Management LLC. It invests in fixed income markets. Nuveen Short Duration Credit Opportunities Fund is domiciled in United States.

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