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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 398,100 shares, a decrease of 33.4% from the December 15th total of 597,700 shares. Based on an average trading volume of 499,500 shares, the short-interest ratio is currently 0.8 days.

Nuveen Credit Strategies Income Fund Trading Up 1.1 %

NYSE JQC opened at $5.69 on Wednesday. Nuveen Credit Strategies Income Fund has a 12 month low of $5.17 and a 12 month high of $5.94. The company’s fifty day moving average price is $5.78 and its two-hundred day moving average price is $5.73.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.65 dividend on an annualized basis and a yield of 11.39%.

Institutional Trading of Nuveen Credit Strategies Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of JQC. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter worth approximately $34,000. J.W. Cole Advisors Inc. bought a new stake in Nuveen Credit Strategies Income Fund during the second quarter valued at $67,000. Sanctuary Advisors LLC bought a new stake in Nuveen Credit Strategies Income Fund during the second quarter valued at $77,000. Perfromance Wealth Partners LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund during the third quarter worth $82,000. Finally, Mercer Global Advisors Inc. ADV lifted its position 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 worth $87,000 after buying an additional 3,502 shares during the last quarter.

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.