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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 14,499 shares, an increase of 88.9% from the May 31st total of 7,675 shares. Based on an average daily volume of 59,142 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Several large investors have recently made changes to their positions in JCE. Advisory Services Network LLC bought a new stake in shares of Nuveen Core Equity Alpha Fund in the 3rd quarter worth approximately $27,000. Western Wealth Management LLC acquired a new position in Nuveen Core Equity Alpha Fund in the first quarter worth approximately $36,000. Fifth Third Bancorp acquired a new position in Nuveen Core Equity Alpha Fund in the first quarter worth approximately $59,000. CWM LLC increased its holdings in shares of Nuveen Core Equity Alpha Fund by 341.9% in the fourth quarter. CWM LLC now owns 5,816 shares of the company’s stock valued at $93,000 after buying an additional 4,500 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in shares of Nuveen Core Equity Alpha Fund in the fourth quarter valued at $96,000.

Nuveen Core Equity Alpha Fund Stock Performance

Shares of JCE remained flat at $16.31 during midday trading on Friday. The stock had a trading volume of 16,515 shares, compared to its average volume of 45,347. The firm has a 50 day moving average of $16.23 and a 200 day moving average of $15.84. Nuveen Core Equity Alpha Fund has a 12 month low of $13.99 and a 12 month high of $16.71.

Nuveen Core Equity Alpha Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.364 dividend. This represents a $1.46 annualized dividend and a yield of 8.9%. This is a boost from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 15th.

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.