Short Interest in Nuveen Credit Strategies Income Fund (NYSE:JQC) Declines By 85.4%

by · The Cerbat Gem

Nuveen Credit Strategies Income Fund (NYSE:JQC – Get Free Report) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 38,585 shares, a decrease of 85.4% from the December 15th total of 263,763 shares. Based on an average daily volume of 1,187,827 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 1,187,827 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Nuveen Credit Strategies Income Fund

A number of hedge funds have recently bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new position in Nuveen Credit Strategies Income Fund during the second quarter valued at approximately $27,000. Advisory Services Network LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 3rd quarter worth approximately $35,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Nuveen Credit Strategies Income Fund by 166.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 8,000 shares of the investment management company’s stock valued at $42,000 after purchasing an additional 5,000 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Nuveen Credit Strategies Income Fund by 138.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,902 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,166 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of Nuveen Credit Strategies Income Fund during the 3rd quarter valued at $54,000.

Nuveen Credit Strategies Income Fund Trading Up 0.7%

Nuveen Credit Strategies Income Fund stock traded up $0.04 during mid-day trading on Monday, hitting $5.13. 1,376,573 shares of the company traded hands, compared to its average volume of 918,781. Nuveen Credit Strategies Income Fund has a one year low of $4.60 and a one year high of $5.70. The stock has a fifty day moving average price of $5.05 and a 200-day moving average price of $5.26.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of $0.054 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 12.6%.

About Nuveen Credit Strategies Income Fund

(Get Free Report)

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.

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