Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Short Interest Report for October

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 366,081 shares, a decrease of 64.3% from the September 30th total of 1,026,017 shares. Based on an average daily trading volume, of 785,094 shares, the short-interest ratio is currently 0.5 days.

Nuveen Credit Strategies Income Fund Price Performance

Shares of NYSE JQC remained flat at $4.59 during mid-day trading on Friday. 707,380 shares of the company were exchanged, compared to its average volume of 730,310. The stock has a 50-day simple moving average of $4.65 and a 200 day simple moving average of $4.81. Nuveen Credit Strategies Income Fund has a 1 year low of $4.45 and a 1 year high of $5.18.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a $0.0495 dividend. This represents a $0.59 annualized dividend and a yield of 12.9%. The ex-dividend date is Thursday, October 15th.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several hedge funds have recently made changes to their positions in JQC. Cetera Investment Advisers boosted its stake in Nuveen Credit Strategies Income Fund by 18.3% during the 1st quarter. Cetera Investment Advisers now owns 831,412 shares of the investment management company’s stock worth $4,049,000 after purchasing an additional 128,430 shares during the period. Venture Visionary Partners LLC increased its stake in Nuveen Credit Strategies Income Fund by 10.3% in the third quarter. Venture Visionary Partners LLC now owns 590,467 shares of the investment management company’s stock valued at $2,805,000 after purchasing an additional 55,000 shares during the period. Icon Advisers Inc. Co. increased its stake in Nuveen Credit Strategies Income Fund by 19.5% in the first quarter. Icon Advisers Inc. Co. now owns 306,035 shares of the investment management company’s stock valued at $1,490,000 after purchasing an additional 50,000 shares during the period. Bank of America Corp DE increased its stake in Nuveen Credit Strategies Income Fund by 7.5% in the second quarter. Bank of America Corp DE now owns 288,332 shares of the investment management company’s stock valued at $1,401,000 after purchasing an additional 20,035 shares during the period. Finally, Independent Financial Group LLC acquired a new position in Nuveen Credit Strategies Income Fund in the first quarter valued at $1,363,000.

Nuveen Credit Strategies Income Fund Company Profile

Nuveen Credit Strategies Income Fund (NYSE:JQC) is a closed-end investment company managed by Nuveen. The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through a professionally managed portfolio of credit-related investments.

Its portfolio may include senior secured loans, below-investment-grade corporate debt, high-yield bonds and other fixed-income securities. These investments generally involve issuers with elevated credit risk, and the fund uses credit research and portfolio diversification to pursue its objectives.

JQC invests primarily in the U.S.