Nuveen Credit Strategies Income Fund (NYSE:JQC) Sees Significant Growth in Short Interest

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 204,971 shares, a growth of 431.2% from the December 31st total of 38,585 shares. Based on an average daily volume of 1,059,586 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,059,586 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund in the 3rd quarter valued at $35,000. Halbert Hargrove Global Advisors LLC raised its position in shares of Nuveen Credit Strategies Income Fund by 166.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 8,000 shares of the investment management company’s stock worth $42,000 after buying an additional 5,000 shares during the period. Farther Finance Advisors LLC boosted its holdings in Nuveen Credit Strategies Income Fund by 138.3% in the second quarter. Farther Finance Advisors LLC now owns 8,902 shares of the investment management company’s stock valued at $48,000 after acquiring an additional 5,166 shares during the last quarter. Matauro LLC purchased a new stake in Nuveen Credit Strategies Income Fund during the fourth quarter valued at about $51,000. Finally, Arkadios Wealth Advisors acquired a new stake in Nuveen Credit Strategies Income Fund during the third quarter worth about $54,000.

Nuveen Credit Strategies Income Fund Trading Up 0.1%

Nuveen Credit Strategies Income Fund stock opened at $5.12 on Wednesday. The stock has a fifty day moving average price of $5.06 and a 200 day moving average price of $5.24. Nuveen Credit Strategies Income Fund has a 52 week low of $4.60 and a 52 week high of $5.61.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.054 per share. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Thursday, January 15th.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a closed-end, diversified management investment company that seeks to provide current income while preserving capital. The fund pursues its objective by investing primarily in a broad range of credit instruments, including corporate debt obligations, bank loans, mortgage-related and asset-backed securities, and credit-linked notes. Through active portfolio management, JQC aims to capture income opportunities across different sectors and credit quality tiers.

JQC’s portfolio construction emphasizes flexibility, enabling the fund to shift allocations among investment-grade and below-investment-grade credit depending on market conditions.