Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Down 8.0% in October

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 309,600 shares, a drop of 8.0% from the September 30th total of 336,500 shares. Based on an average daily volume of 640,900 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. J.W. Cole Advisors Inc. increased its position in Nuveen Credit Strategies Income Fund by 647.8% in the third quarter. J.W. Cole Advisors Inc. now owns 90,615 shares of the investment management company’s stock worth $525,000 after purchasing an additional 78,498 shares during the period. International Assets Investment Management LLC grew its position in shares of Nuveen Credit Strategies Income Fund by 479.0% during the 3rd quarter. International Assets Investment Management LLC now owns 487,124 shares of the investment management company’s stock worth $2,820,000 after buying an additional 402,992 shares during the period. Private Advisor Group LLC grew its position in shares of Nuveen Credit Strategies Income Fund by 158.1% during the 3rd quarter. Private Advisor Group LLC now owns 46,362 shares of the investment management company’s stock worth $268,000 after buying an additional 28,400 shares during the period. Alexander Labrunerie & CO. Inc. raised its stake in shares of Nuveen Credit Strategies Income Fund by 32.9% during the third quarter. Alexander Labrunerie & CO. Inc. now owns 30,519 shares of the investment management company’s stock worth $177,000 after buying an additional 7,559 shares during the last quarter. Finally, Quad Cities Investment Group LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 5.8% in 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 during the period.

Nuveen Credit Strategies Income Fund Price Performance

Shares of JQC traded up $0.02 during mid-day trading on Thursday, hitting $5.71. 522,997 shares of the company traded hands, compared to its average volume of 615,234. The business has a 50-day moving average of $5.75 and a 200 day moving average of $5.65. Nuveen Credit Strategies Income Fund has a one year low of $4.88 and a one year high of $5.91.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.054 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.65 dividend on an annualized basis and a yield of 11.35%.

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.