Short Interest in Nuveen Credit Strategies Income Fund (NYSE:JQC) Decreases By 50.4%

Nuveen Credit Strategies Income Fund (NYSE:JQCGet Rating) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 76,700 shares, a decline of 50.4% from the April 30th total of 154,500 shares. Based on an average daily volume of 590,400 shares, the days-to-cover ratio is presently 0.1 days.

JQC opened at $5.42 on Friday. The stock has a 50-day moving average price of $5.83 and a 200-day moving average price of $6.16. Nuveen Credit Strategies Income Fund has a 1 year low of $5.26 and a 1 year high of $6.81.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be given a $0.038 dividend. This represents a $0.46 annualized dividend and a dividend yield of 8.41%. The ex-dividend date is Thursday, May 12th.

Large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in Nuveen Credit Strategies Income Fund by 12.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 468,087 shares of the investment management company’s stock worth $3,070,000 after buying an additional 50,900 shares during the last quarter. Invesco Ltd. raised its position in Nuveen Credit Strategies Income Fund by 5.2% in the 3rd quarter. Invesco Ltd. now owns 2,291,026 shares of the investment management company’s stock worth $15,029,000 after buying an additional 113,347 shares during the last quarter. Cetera Advisor Networks LLC raised its position in Nuveen Credit Strategies Income Fund by 8.5% in the 3rd quarter. Cetera Advisor Networks LLC now owns 481,015 shares of the investment management company’s stock worth $3,155,000 after buying an additional 37,680 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Nuveen Credit Strategies Income Fund in the 3rd quarter worth about $245,000. Finally, Guggenheim Capital LLC raised its position in Nuveen Credit Strategies Income Fund by 6.0% in the 3rd quarter. Guggenheim Capital LLC now owns 373,793 shares of the investment management company’s stock worth $2,452,000 after buying an additional 21,193 shares during the last quarter.

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.

Recommended Stories

Receive News & Ratings for Nuveen Credit Strategies Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Credit Strategies Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.