Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Up 65.9% in January

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 340,087 shares, an increase of 65.9% from the January 15th total of 204,971 shares. Based on an average trading volume of 838,929 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 838,929 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Nuveen Credit Strategies Income Fund by 2.2% in the 1st quarter. Royal Bank of Canada now owns 266,103 shares of the investment management company’s stock worth $1,432,000 after acquiring an additional 5,747 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Nuveen Credit Strategies Income Fund in the 1st quarter worth about $70,000. Apollon Wealth Management LLC grew its position in Nuveen Credit Strategies Income Fund by 190.6% in the 2nd quarter. Apollon Wealth Management LLC now owns 32,140 shares of the investment management company’s stock worth $173,000 after purchasing an additional 21,080 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Nuveen Credit Strategies Income Fund by 54.5% in the second quarter. Harbour Investments Inc. now owns 44,624 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 15,740 shares during the period. Finally, Alexander Labrunerie & CO. Inc. raised its holdings in shares of Nuveen Credit Strategies Income Fund by 32.4% during the second quarter. Alexander Labrunerie & CO. Inc. now owns 47,903 shares of the investment management company’s stock valued at $258,000 after buying an additional 11,714 shares during the last quarter.

Nuveen Credit Strategies Income Fund Trading Down 0.3%

Shares of Nuveen Credit Strategies Income Fund stock opened at $5.08 on Monday. Nuveen Credit Strategies Income Fund has a twelve month low of $4.60 and a twelve month high of $5.59. The business’s 50 day simple moving average is $5.07 and its 200-day simple moving average is $5.20.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Friday, February 13th.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a closed-end, diversified management investment company that seeks to provide current income while preserving capital. The fund pursues its objective by investing primarily in a broad range of credit instruments, including corporate debt obligations, bank loans, mortgage-related and asset-backed securities, and credit-linked notes. Through active portfolio management, JQC aims to capture income opportunities across different sectors and credit quality tiers.

JQC’s portfolio construction emphasizes flexibility, enabling the fund to shift allocations among investment-grade and below-investment-grade credit depending on market conditions.