Nuveen Credit Strategies Income Fund (NYSE:JQC) Sees Significant Growth in Short Interest

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 204,971 shares, a growth of 431.2% from the December 31st total of 38,585 shares. Based on an average trading volume of 1,059,586 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 1,059,586 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Several large investors have recently modified their holdings of the stock. Comerica Bank grew its holdings in shares of Nuveen Credit Strategies Income Fund by 19.5% in the 4th quarter. Comerica Bank now owns 35,862 shares of the investment management company’s stock worth $180,000 after purchasing an additional 5,849 shares during the last quarter. Matisse Capital bought a new position in shares of Nuveen Credit Strategies Income Fund in the 4th quarter valued at about $855,000. Traub Capital Management LLC bought a new position in Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $122,000. NBC Securities Inc. boosted its position in shares of Nuveen Credit Strategies Income Fund by 7.1% in the 4th quarter. NBC Securities Inc. now owns 302,375 shares of the investment management company’s stock worth $1,518,000 after purchasing an additional 20,132 shares during the last quarter. Finally, Absolute Investment Advisers LLC boosted its holdings in Nuveen Credit Strategies Income Fund by 11.6% during the fourth quarter. Absolute Investment Advisers LLC now owns 1,122,293 shares of the investment management company’s stock worth $5,712,000 after buying an additional 116,388 shares during the last quarter.

Nuveen Credit Strategies Income Fund Stock Down 0.1%

Shares of JQC traded down $0.01 during trading hours on Thursday, reaching $5.13. 664,328 shares of the company traded hands, compared to its average volume of 963,812. Nuveen Credit Strategies Income Fund has a 1-year low of $4.60 and a 1-year high of $5.61. The stock’s fifty day moving average is $5.07 and its 200 day moving average is $5.23.

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) dividend on an annualized basis and a dividend yield of 12.6%.

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.