Nuveen Credit Strategies Income Fund (NYSE:JQC) Short Interest Update

Nuveen Credit Strategies Income Fund (NYSE:JQC) saw 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 daily volume of 1,059,586 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 1,059,586 shares, the short-interest ratio is currently 0.2 days.

Nuveen Credit Strategies Income Fund Stock Performance

Shares of JQC stock opened at $5.12 on Wednesday. The firm has a fifty day simple moving average of $5.06 and a 200-day simple moving average of $5.24. Nuveen Credit Strategies Income Fund has a twelve month low of $4.60 and a twelve month high of $5.61.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in Nuveen Credit Strategies Income Fund in the third quarter valued at about $35,000. Halbert Hargrove Global Advisors LLC raised its position 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 boosted its stake 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 buying an additional 5,166 shares during the last quarter. Matauro LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund during the fourth quarter worth approximately $51,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Nuveen Credit Strategies Income Fund during the third quarter worth approximately $54,000.

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.