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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 340,087 shares, a growth of 65.9% from the January 15th total of 204,971 shares. Based on an average trading volume of 838,929 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 838,929 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Large investors have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC increased its stake in Nuveen Credit Strategies Income Fund by 15.6% in the third quarter. SeaCrest Wealth Management LLC now owns 46,812 shares of the investment management company’s stock valued at $247,000 after purchasing an additional 6,314 shares during the period. BNP Paribas Financial Markets acquired a new position in Nuveen Credit Strategies Income Fund in the 3rd quarter valued at about $59,000. Envestnet Asset Management Inc. raised its stake in Nuveen Credit Strategies Income Fund by 20.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 101,215 shares of the investment management company’s stock valued at $533,000 after acquiring an additional 17,089 shares during the last quarter. Osaic Holdings Inc. lifted its position in Nuveen Credit Strategies Income Fund by 9.8% during the 2nd quarter. Osaic Holdings Inc. now owns 129,605 shares of the investment management company’s stock worth $699,000 after acquiring an additional 11,576 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Nuveen Credit Strategies Income Fund during the 2nd quarter worth approximately $193,000.

Nuveen Credit Strategies Income Fund Stock Down 0.3%

Shares of JQC opened at $5.08 on Friday. Nuveen Credit Strategies Income Fund has a 52-week low of $4.60 and a 52-week high of $5.59. The stock has a 50 day moving average price of $5.07 and a 200 day moving average price of $5.20.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.054 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, February 13th.

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.