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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 366,081 shares, a drop of 64.3% from the September 30th total of 1,026,017 shares. Based on an average daily trading volume, of 785,094 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Several institutional investors have recently bought and sold shares of JQC. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the second quarter worth $54,000. Wealthspan Partners LLC acquired a new position in Nuveen Credit Strategies Income Fund during the second quarter valued at $55,000. Equitable Holdings Inc. acquired a new position in Nuveen Credit Strategies Income Fund during the second quarter valued at $63,000. Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in Nuveen Credit Strategies Income Fund in the second quarter valued at $71,000. Finally, Citadel Advisors LLC purchased a new stake in Nuveen Credit Strategies Income Fund in the second quarter valued at $77,000.

Nuveen Credit Strategies Income Fund Trading Up 1.0%

Shares of Nuveen Credit Strategies Income Fund stock traded up $0.04 during trading on Thursday, reaching $4.58. 608,218 shares of the stock traded hands, compared to its average volume of 730,421. Nuveen Credit Strategies Income Fund has a 52-week low of $4.45 and a 52-week high of $5.18. The business has a fifty day simple moving average of $4.66 and a two-hundred day simple moving average of $4.81.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0495 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.59 dividend on an annualized basis and a yield of 13.0%.

Nuveen Credit Strategies Income Fund Company Profile

Nuveen Credit Strategies Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol JQC. The fund seeks to provide current income and total return by investing in a diversified portfolio of credit-related securities.

Its investments may include senior secured loans, below-investment-grade corporate debt, high-yield bonds, collateralized loan obligations and other floating-rate or structured credit instruments. These securities are generally issued by companies across a range of industries and may include investments in U.S.