Nuveen Short Duration Credit Opportunities Fund (NYSE:JSD) Short Interest Down 39.7% in April

Nuveen Short Duration Credit Opportunities Fund (NYSE:JSDGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 4,400 shares, a decrease of 39.7% from the April 15th total of 7,300 shares. Based on an average daily trading volume, of 37,000 shares, the short-interest ratio is currently 0.1 days.

In other Nuveen Short Duration Credit Opportunities Fund news, major shareholder Saba Capital Management, L.P. sold 38,813 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $13.32, for a total transaction of $516,989.16. Following the completion of the sale, the insider now directly owns 1,001,525 shares in the company, valued at $13,340,313. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Several institutional investors have recently bought and sold shares of JSD. First Trust Advisors LP boosted its holdings in shares of Nuveen Short Duration Credit Opportunities Fund by 3.9% during the first quarter. First Trust Advisors LP now owns 75,767 shares of the closed-end fund’s stock worth $1,177,000 after purchasing an additional 2,870 shares during the period. Morgan Stanley boosted its holdings in shares of Nuveen Short Duration Credit Opportunities Fund by 3.6% during the second quarter. Morgan Stanley now owns 41,717 shares of the closed-end fund’s stock worth $625,000 after purchasing an additional 1,458 shares during the period. Bank of America Corp DE raised its stake in Nuveen Short Duration Credit Opportunities Fund by 339.6% in the second quarter. Bank of America Corp DE now owns 6,646 shares of the closed-end fund’s stock worth $100,000 after buying an additional 5,134 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in Nuveen Short Duration Credit Opportunities Fund by 11.0% in the third quarter. Advisor Group Holdings Inc. now owns 18,594 shares of the closed-end fund’s stock worth $281,000 after buying an additional 1,850 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its stake in Nuveen Short Duration Credit Opportunities Fund by 7.6% in the third quarter. Sit Investment Associates Inc. now owns 698,453 shares of the closed-end fund’s stock worth $10,547,000 after buying an additional 49,286 shares in the last quarter.

Shares of Nuveen Short Duration Credit Opportunities Fund stock traded up $0.10 during trading on Friday, reaching $12.40. 62,275 shares of the stock were exchanged, compared to its average volume of 40,748. The stock’s fifty day moving average is $13.71 and its 200 day moving average is $14.43. Nuveen Short Duration Credit Opportunities Fund has a 1 year low of $12.26 and a 1 year high of $15.50.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be issued a dividend of $0.086 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 8.32%.

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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