Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Rises By 22.8%

Nuveen Core Equity Alpha Fund (NYSE:JCE) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 37,200 shares, a growth of 22.8% from the June 30th total of 30,300 shares. Based on an average daily trading volume, of 38,500 shares, the short-interest ratio is presently 1.0 days.

Nuveen Core Equity Alpha Fund Trading Down 0.5 %

Shares of JCE traded down $0.07 during midday trading on Tuesday, hitting $14.63. The stock had a trading volume of 35,165 shares, compared to its average volume of 44,563. The stock’s 50 day moving average is $14.66 and its 200 day moving average is $14.06. Nuveen Core Equity Alpha Fund has a 1 year low of $11.64 and a 1 year high of $15.20.

Nuveen Core Equity Alpha Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.28 dividend on an annualized basis and a yield of 8.75%.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its position in Nuveen Core Equity Alpha Fund by 1.8% during the second quarter. Raymond James & Associates now owns 442,559 shares of the company’s stock valued at $6,638,000 after acquiring an additional 7,985 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of Nuveen Core Equity Alpha Fund by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 149,950 shares of the company’s stock valued at $2,249,000 after acquiring an additional 6,407 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Nuveen Core Equity Alpha Fund by 19.7% in the 1st quarter. International Assets Investment Management LLC now owns 40,104 shares of the company’s stock worth $561,000 after purchasing an additional 6,609 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Nuveen Core Equity Alpha Fund by 11.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,768 shares of the company’s stock valued at $688,000 after purchasing an additional 5,171 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Nuveen Core Equity Alpha Fund by 2.2% in the fourth quarter. Spire Wealth Management now owns 82,435 shares of the company’s stock worth $1,098,000 after buying an additional 1,750 shares during the last quarter.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options.