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

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 129,100 shares, a drop of 8.2% from the July 15th total of 140,600 shares. Based on an average daily trading volume, of 576,200 shares, the short-interest ratio is presently 0.2 days.

Nuveen Credit Strategies Income Fund Trading Up 0.3 %

Shares of JQC stock opened at $5.74 on Tuesday. Nuveen Credit Strategies Income Fund has a 52-week low of $4.82 and a 52-week high of $5.78. The business’s fifty day moving average is $5.63 and its 200 day moving average is $5.56.

Nuveen Credit Strategies Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a $0.054 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.29%.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in Nuveen Credit Strategies Income Fund by 22.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,111,772 shares of the investment management company’s stock valued at $6,193,000 after purchasing an additional 200,472 shares in the last quarter. Raymond James & Associates raised its position in Nuveen Credit Strategies Income Fund by 4.0% during the second quarter. Raymond James & Associates now owns 750,009 shares of the investment management company’s stock valued at $4,163,000 after purchasing an additional 29,089 shares in the last quarter. DCF Advisers LLC raised its position in Nuveen Credit Strategies Income Fund by 1.7% during the second quarter. DCF Advisers LLC now owns 422,000 shares of the investment management company’s stock valued at $2,342,000 after purchasing an additional 7,000 shares in the last quarter. International Assets Investment Management LLC raised its position in Nuveen Credit Strategies Income Fund by 426.6% during the fourth quarter. International Assets Investment Management LLC now owns 419,985 shares of the investment management company’s stock valued at $2,192,000 after purchasing an additional 340,231 shares in the last quarter. Finally, GraniteShares Advisors LLC raised its position in Nuveen Credit Strategies Income Fund by 14.2% during the second quarter. GraniteShares Advisors LLC now owns 370,413 shares of the investment management company’s stock valued at $2,056,000 after purchasing an additional 46,196 shares in 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.