Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Up 135.9% in November

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 376,700 shares, a growth of 135.9% from the October 31st total of 159,700 shares. Based on an average daily volume of 577,500 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Several hedge funds have recently modified their holdings of JQC. Quad Cities Investment Group LLC lifted its position in Nuveen Credit Strategies Income Fund by 5.8% during the third quarter. Quad Cities Investment Group LLC now owns 32,045 shares of the investment management company’s stock valued at $186,000 after buying an additional 1,756 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 5.0% in the third quarter. SeaCrest Wealth Management LLC now owns 58,777 shares of the investment management company’s stock worth $340,000 after purchasing an additional 2,785 shares during the period. Family Firm Inc. lifted its holdings in Nuveen Credit Strategies Income Fund by 2.9% in the 2nd quarter. Family Firm Inc. now owns 116,004 shares of the investment management company’s stock valued at $644,000 after acquiring an additional 3,312 shares during the last quarter. Comerica Bank lifted its stake in Nuveen Credit Strategies Income Fund by 5.0% during the first quarter. Comerica Bank now owns 70,590 shares of the investment management company’s stock valued at $393,000 after buying an additional 3,354 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Nuveen Credit Strategies Income Fund by 28.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 15,663 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,502 shares during the period.

Nuveen Credit Strategies Income Fund Trading Up 0.3 %

Shares of NYSE:JQC traded up $0.02 on Thursday, hitting $5.80. 408,239 shares of the company’s stock were exchanged, compared to its average volume of 603,875. Nuveen Credit Strategies Income Fund has a 1-year low of $4.98 and a 1-year high of $5.91. The firm’s 50-day moving average is $5.74 and its 200 day moving average is $5.69.

Nuveen Credit Strategies Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.054 per share. The ex-dividend date is Friday, November 15th. This represents a $0.65 annualized dividend and a yield of 11.17%.

Nuveen Credit Strategies Income Fund Company Profile

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.