Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Up 96.1% in March

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 300,800 shares, a growth of 96.1% from the February 28th total of 153,400 shares. Based on an average daily volume of 820,900 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Credit Strategies Income Fund Price Performance

JQC traded up $0.05 during trading hours on Friday, hitting $5.40. 1,545,666 shares of the company’s stock were exchanged, compared to its average volume of 643,631. Nuveen Credit Strategies Income Fund has a 12-month low of $5.28 and a 12-month high of $5.94. The firm has a 50 day moving average of $5.52 and a 200 day moving average of $5.67.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 12.01%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Total Wealth Planning & Management Inc. acquired a new stake in Nuveen Credit Strategies Income Fund in the 4th quarter valued at about $88,000. Elequin Capital LP acquired a new stake in Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $179,000. Fullcircle Wealth LLC purchased a new position in Nuveen Credit Strategies Income Fund in the fourth quarter worth approximately $322,000. Cetera Investment Advisers lifted its stake in Nuveen Credit Strategies Income Fund by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 398,246 shares of the investment management company’s stock worth $2,266,000 after acquiring an additional 8,885 shares during the last quarter. Finally, Comerica Bank grew its holdings in Nuveen Credit Strategies Income Fund by 13.9% during the 4th quarter. Comerica Bank now owns 78,458 shares of the investment management company’s stock worth $446,000 after acquiring an additional 9,559 shares in the last quarter.

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.