Shares of Nuveen Credit Strategies Income Fund Shares of Beneficial Interest (NYSE:JQC) traded today at $6.75, eclipsing its 52-week high. Approximately 751,000 shares have changed hands today, as compared to an average 30-day volume of 692,000 shares.
Nuveen Credit Strategies Income Fund Shares of Beneficial Interest share prices have moved between a 52-week high of $6.75 and a 52-week low of $5.72 and are now trading 18% above that low price at $6.75 per share.
Potential upside of 853.5% exists for Nuveen Credit Strategies Income Fund Shares of Beneficial Interest, based on a current level of $6.75 and analysts’ average consensus price target of $64.32.
Nuveen Credit Strategies Income Fund is a diversified closed-end management investment company. Its investment objective is to provide high current income and total return. The fund meets its investment objectives by investing its managed assets in senior secured and second lien loans, and its managed assets across the capital structure of companies (including equity securities) with a primary emphasis on high yield bonds, convertible securities and other forms of income-producing securities.
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