Stock On Watch: Learn Why Karpus Management, Inc Just Purchased Nuveen Short Duration Credit Opportunities Fund Stake?

Stock On Watch: Learn Why Karpus Management, Inc Just Purchased Nuveen Short Duration Credit Opportunities Fund Stake?

The New Karpus Management, Inc Holding in Nuveen Short Duration Credit Opportunities Fund

Karpus Management, Inc filed with the SEC SC 13G form for Nuveen Short Duration Credit Opportunities Fund. The form can be accessed here: 000104870316000146. As reported in Karpus Management, Inc’s form, the filler as of late owns 70% or 24,500 shares of the Finance–company.

Nuveen Short Duration Credit Opportunities Fund stake is a new one for the for this institutional investor and it was filed because of activity on April 7, 2016. We feel this shows Karpus Management, Inc’s positive view for the stock. For a institutional investor managing $2.60 billion in assets and having 39+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Nuveen Short Duration Credit Opportunities Fund Institutional Sentiment

Latest Security and Exchange filings show 26 investors own Nuveen Short Duration Credit Opportunities Fund. The institutional ownership in Q3 2015 is low, at 33.81% of the outstanding shares. This is increased by 218231 the total institutional shares. 3414500 were the shares owned by these institutional investors. In total 3 funds opened new Nuveen Short Duration Credit Opportunities Fund stakes, 9 increased stakes. There were 3 that closed positions and 11 reduced them.

Shaker Financial Services Llc is an institutional investor bullish on Nuveen Short Duration Credit Opportunities Fund, owning 13202 shares as of Q3 2015 for 0.15% of its portfolio. William Michaelcheck Mariner Investment Group Llc owns 362205 shares or 1.11% of its portfolio. CT Newgate Capital Management Llc have 2.78% of their stock portfolio for 247494 shares. Further, Bluespruce Investments Lp reported stake worth 0.12% of its US stock portfolio. The OH Camelot Portfolios Llc owns 15000 shares. Nuveen Short Duration Credit Opportunities Fund is 0.15% of the manager’s US portfolio.

Business Profile

The Nuveen Short Duration Credit Opportunities Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide current income and the potential for capital appreciation. Under normal market circumstances the Fund will invest at least 70% of its managed assets in adjustable rate corporate debt instruments, including senior secured loans, second lien loans and other adjustable rate corporate debt instruments. No more than 30% of the Fund’s managed assets may be invested in debt instruments. The Fund may invest up to 20% of its managed assets in debt instruments of non-the United States issuers that are the United States dollar or non-the United States dollar denominated. The Fund’s investments in debt instruments of non-the United States issuers may include debt instruments of issuers located, or conducting their business, in emerging markets countries. The Fund’s investment adviser is Nuveen Fund Advisors, LLC.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Karpus Management, Inc website.

Insitutional Activity: The institutional sentiment decreased to 0.58 in 2016 Q2. Its down 0.59, from 1.17 in 2016Q1. The ratio turned negative, as 6 funds sold all Nuveen Short Duration Credit Opp Fund shares owned while 13 reduced positions. 3 funds bought stakes while 8 increased positions. They now own 3.00 million shares or 13.88% less from 3.48 million shares in 2016Q1.

Seabridge Inv Ltd Liability holds 0% or 650 shares in its portfolio. Camelot Portfolios Ltd Com holds 0.14% or 15,000 shares in its portfolio. Lpl Financial Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Asset has invested 0.06% of its portfolio in Nuveen Short Duration Credit Opp Fund (NYSE:JSD). Envestnet Asset Management accumulated 12,771 shares or 0% of the stock. Credit Suisse Ag owns 48,282 shares or 0% of their US portfolio. Morgan Stanley accumulated 403,783 shares or 0% of the stock. The Missouri-based Stifel Fincl has invested 0% in Nuveen Short Duration Credit Opp Fund (NYSE:JSD). Creative Planning holds 0% or 9,000 shares in its portfolio. Cambridge Inv owns 177,184 shares or 0.06% of their US portfolio. Invesco Limited has 0% invested in the company for 285,883 shares. Cohen And Steers holds 187,332 shares or 0.01% of its portfolio. Yorktown Management & Research has 0.31% invested in the company for 87,091 shares. Jpmorgan Chase holds 0% or 327,942 shares in its portfolio. Citigroup Incorporated has invested 0% of its portfolio in Nuveen Short Duration Credit Opp Fund (NYSE:JSD).

The stock closed at $16.59 during the last session. It is down 14.49% since March 8, 2016 and is uptrending. It has outperformed by 5.18% the S&P500.

The Nuveen Short Duration Credit Opportunities Fund is a diversified closed-end management investment company. The company has a market cap of $167.48 million. The Fund’s investment objective is to provide current income and the potential for capital appreciation. It currently has negative earnings. Under normal market circumstances the Fund will invest at least 70% of its managed assets in adjustable rate corporate debt instruments, including senior secured loans, second lien loans and other adjustable rate corporate debt instruments.

More notable recent Nuveen Short Duration Credit Opp Fund (NYSE:JSD) news were published by: Moodys.com which released: “Moody’s assigns definitive rating to preferred shares issued by Nuveen Short …” on November 16, 2015, also Nasdaq.com with their article: “Nuveen Short Duration Credit Opportunities Fund (JSD) Ex-Dividend Date …” published on September 12, 2016, Seekingalpha.com published: “Nuveen Credit Strategies Income Fund: Discount Income And Diversification” on September 22, 2016. More interesting news about Nuveen Short Duration Credit Opp Fund (NYSE:JSD) were released by: Businesswire.com and their article: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” published on August 19, 2014 as well as Businesswire.com‘s news article titled: “Fitch Rates VRDP Shares Issued by Nuveen Enhanced AMT-Free Muni Credit …” with publication date: June 16, 2016.

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