Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Update

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 140,600 shares, a growth of 93.9% from the June 30th total of 72,500 shares. Based on an average daily volume of 542,300 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Credit Strategies Income Fund Stock Up 1.1 %

Nuveen Credit Strategies Income Fund stock traded up $0.06 during trading hours on Friday, reaching $5.65. 262,124 shares of the company were exchanged, compared to its average volume of 606,111. The stock has a 50-day moving average of $5.61 and a 200 day moving average of $5.52. Nuveen Credit Strategies Income Fund has a 12 month low of $4.82 and a 12 month high of $5.75.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.65 dividend on an annualized basis and a yield of 11.47%.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Large investors have recently added to or reduced their stakes in the stock. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $58,000. First Heartland Consultants Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the second quarter valued at approximately $68,000. Nomura Holdings Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $70,000. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the first quarter valued at approximately $81,000. Finally, Alexander Labrunerie & CO. Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the first quarter valued at approximately $128,000.

About Nuveen Credit Strategies Income Fund

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.