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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 16,951 shares, a decrease of 17.4% from the March 15th total of 20,520 shares. Based on an average trading volume of 44,828 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shaker Financial Services LLC boosted its stake in Nuveen Core Equity Alpha Fund by 3.8% during the fourth quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock valued at $8,938,000 after buying an additional 20,479 shares during the last quarter. Sowell Financial Services LLC boosted its stake in Nuveen Core Equity Alpha Fund by 15.7% during the fourth quarter. Sowell Financial Services LLC now owns 16,957 shares of the company’s stock valued at $270,000 after buying an additional 2,299 shares during the last quarter. Blue Trust Inc. bought a new position in Nuveen Core Equity Alpha Fund during the fourth quarter valued at approximately $96,000. Spire Wealth Management boosted its stake in Nuveen Core Equity Alpha Fund by 1.5% during the fourth quarter. Spire Wealth Management now owns 51,574 shares of the company’s stock valued at $822,000 after buying an additional 754 shares during the last quarter. Finally, Canal Capital Management LLC bought a new position in Nuveen Core Equity Alpha Fund during the fourth quarter valued at approximately $179,000.

Nuveen Core Equity Alpha Fund Price Performance

Shares of NYSE JCE remained flat at $15.87 during mid-day trading on Friday. The stock had a trading volume of 39,185 shares, compared to its average volume of 47,340. The firm’s 50 day simple moving average is $15.37 and its two-hundred day simple moving average is $15.67. Nuveen Core Equity Alpha Fund has a 1 year low of $13.01 and a 1 year high of $16.31.

Nuveen Core Equity Alpha Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 8.6%. This is a positive change from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 13th.

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.