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

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

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Several large investors have recently made changes to their positions in the business. Shaker Financial Services LLC increased its position in shares of Nuveen Core Equity Alpha Fund by 3.8% during the 4th quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock valued at $8,938,000 after purchasing an additional 20,479 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Nuveen Core Equity Alpha Fund by 2.7% during the 2nd quarter. Raymond James Financial Inc. now owns 522,261 shares of the company’s stock valued at $8,095,000 after purchasing an additional 13,942 shares during the last quarter. Invesco Ltd. increased its position in shares of Nuveen Core Equity Alpha Fund by 11.2% during the 4th quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock valued at $4,306,000 after purchasing an additional 27,289 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Nuveen Core Equity Alpha Fund by 5.6% during the 4th quarter. Guggenheim Capital LLC now owns 268,892 shares of the company’s stock valued at $4,286,000 after purchasing an additional 14,280 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Nuveen Core Equity Alpha Fund by 4.2% during the 4th quarter. Osaic Holdings Inc. now owns 181,869 shares of the company’s stock valued at $2,899,000 after purchasing an additional 7,322 shares during the last quarter.

Nuveen Core Equity Alpha Fund Trading Down 1.1%

NYSE JCE traded down $0.18 on Friday, reaching $16.24. The company had a trading volume of 30,611 shares, compared to its average volume of 44,335. The company’s fifty day moving average is $15.48 and its 200 day moving average is $15.73. Nuveen Core Equity Alpha Fund has a 52-week low of $13.99 and a 52-week high of $16.53.

Nuveen Core Equity Alpha Fund Increases Dividend

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

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.