Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Rises By 91.6%

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 30,198 shares, an increase of 91.6% from the April 15th total of 15,762 shares. Based on an average trading volume of 37,866 shares, the short-interest ratio is presently 0.8 days.

Nuveen Core Equity Alpha Fund Price Performance

Nuveen Core Equity Alpha Fund stock traded down $0.03 during mid-day trading on Tuesday, hitting $16.26. The stock had a trading volume of 11,447 shares, compared to its average volume of 43,871. The stock has a 50-day simple moving average of $15.49 and a two-hundred day simple moving average of $15.74. Nuveen Core Equity Alpha Fund has a 12 month low of $13.99 and a 12 month high of $16.53.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 8.4%.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in Nuveen Core Equity Alpha Fund by 6.8% in the first quarter. Bank of America Corp DE now owns 35,792 shares of the company’s stock valued at $529,000 after buying an additional 2,285 shares during the period. Fifth Third Bancorp acquired a new position in Nuveen Core Equity Alpha Fund in the first quarter valued at about $59,000. PMG Family Office LLC lifted its stake in Nuveen Core Equity Alpha Fund by 7.0% in the first quarter. PMG Family Office LLC now owns 29,369 shares of the company’s stock valued at $444,000 after buying an additional 1,924 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Nuveen Core Equity Alpha Fund by 8.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 9,363 shares of the company’s stock valued at $149,000 after buying an additional 759 shares during the period. Finally, Invesco Ltd. lifted its stake in Nuveen Core Equity Alpha Fund by 11.2% in the fourth quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock valued at $4,306,000 after buying an additional 27,289 shares during the period.

Nuveen Core Equity Alpha Fund Company Profile

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a diversified, closed-end management investment company sponsored by Nuveen, a TIAA company. The fund’s primary objective is to seek total return through a combination of income and capital appreciation. Nuveen Core Equity Alpha Fund manages its portfolio primarily in U.S. equity securities, focusing on established, large-capitalization companies across multiple sectors.

Under the direction of Nuveen’s equity specialists, the fund employs a bottom-up research process to identify companies with attractive valuation, quality earnings prospects and sustainable cash flow.