Nuveen Credit Strategies Income Fund (NYSE:JQC – Get Free Report) 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
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.
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