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

Nuveen Credit Strategies Income Fund (NYSE:JQC) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 246,562 shares, an increase of 443.0% from the May 31st total of 45,408 shares. Based on an average trading volume of 657,416 shares, the short-interest ratio is currently 0.4 days.

Nuveen Credit Strategies Income Fund Stock Performance

Shares of JQC stock opened at $4.79 on Friday. The company has a 50 day moving average of $4.82 and a 200-day moving average of $4.91. Nuveen Credit Strategies Income Fund has a 12-month low of $4.62 and a 12-month high of $5.58.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0495 per share. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Monday, June 15th.

Insider Buying and Selling

In related news, Portfolio Manager Scott C. Caraher bought 10,000 shares of the company’s stock in a transaction on Monday, March 30th. The shares were purchased at an average cost of $4.69 per share, for a total transaction of $46,900.00. Following the completion of the purchase, the portfolio manager directly owned 16,000 shares in the company, valued at $75,040. The trade was a 166.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Trading of Nuveen Credit Strategies Income Fund

A number of large investors have recently bought and sold shares of the company. Choreo LLC grew its position in Nuveen Credit Strategies Income Fund by 3.5% during the fourth quarter. Choreo LLC now owns 66,258 shares of the investment management company’s stock worth $336,000 after buying an additional 2,211 shares in the last quarter. Kestra Advisory Services LLC grew its position in Nuveen Credit Strategies Income Fund by 3.6% in the first quarter. Kestra Advisory Services LLC now owns 70,273 shares of the investment management company’s stock worth $342,000 after acquiring an additional 2,452 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Nuveen Credit Strategies Income Fund by 5.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 49,467 shares of the investment management company’s stock worth $253,000 after acquiring an additional 2,655 shares in the last quarter. Merit Financial Group LLC increased its stake in Nuveen Credit Strategies Income Fund by 6.8% in the fourth quarter. Merit Financial Group LLC now owns 46,665 shares of the investment management company’s stock valued at $234,000 after acquiring an additional 2,955 shares during the last quarter. Finally, Cary Street Partners Financial LLC increased its stake in Nuveen Credit Strategies Income Fund by 14.2% in the fourth quarter. Cary Street Partners Financial LLC now owns 26,215 shares of the investment management company’s stock valued at $132,000 after acquiring an additional 3,250 shares during the last quarter.

Nuveen Credit Strategies Income Fund Company Profile

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.