Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Update

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 6,398 shares, a decrease of 78.8% from the April 30th total of 30,198 shares. Based on an average daily volume of 29,949 shares, the short-interest ratio is currently 0.2 days.

Nuveen Core Equity Alpha Fund Stock Up 0.4%

JCE traded up $0.06 during trading on Friday, hitting $16.61. The company’s stock had a trading volume of 37,208 shares, compared to its average volume of 42,607. Nuveen Core Equity Alpha Fund has a one year low of $13.99 and a one year high of $16.68. The business’s 50 day simple moving average is $15.67 and its 200-day simple moving average is $15.77.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a $0.34 dividend. The ex-dividend date was Friday, March 13th. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Nuveen Core Equity Alpha Fund in the 3rd quarter worth $27,000. Western Wealth Management LLC purchased a new position in shares of Nuveen Core Equity Alpha Fund in the first quarter valued at about $36,000. Fifth Third Bancorp bought a new position in shares of Nuveen Core Equity Alpha Fund in the first quarter worth about $59,000. CWM LLC raised its stake in Nuveen Core Equity Alpha Fund by 341.9% during the 4th quarter. CWM LLC now owns 5,816 shares of the company’s stock valued at $93,000 after purchasing an additional 4,500 shares during the period. Finally, Blue Trust Inc. bought a new position in Nuveen Core Equity Alpha Fund in the 4th quarter worth approximately $96,000.

About Nuveen Core Equity Alpha Fund

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.