Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Expands By 99.2%

Nuveen Core Equity Alpha Fund (NYSE:JCEGet Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 36,684 shares, an increase of 99.2% from the June 30th total of 18,418 shares. Based on an average daily trading volume, of 36,607 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in Nuveen Core Equity Alpha Fund during the third quarter valued at about $27,000. Western Wealth Management LLC acquired a new stake in Nuveen Core Equity Alpha Fund in the 1st quarter worth $36,000. Fifth Third Bancorp bought a new position in shares of Nuveen Core Equity Alpha Fund during the 1st quarter worth about $59,000. CWM LLC lifted its stake 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 during the period. Finally, Blue Trust Inc. acquired a new stake in Nuveen Core Equity Alpha Fund during the fourth quarter worth about $96,000.

Nuveen Core Equity Alpha Fund Stock Performance

NYSE JCE traded down $0.28 on Wednesday, reaching $16.09. The stock had a trading volume of 44,358 shares, compared to its average volume of 43,847. Nuveen Core Equity Alpha Fund has a 1 year low of $13.99 and a 1 year high of $16.72. The business has a 50 day moving average price of $16.32 and a 200 day moving average price of $15.91.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a $0.364 dividend. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34. This represents a $1.46 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date was Monday, June 15th.

About Nuveen Core Equity Alpha Fund

(Get Free Report)

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.

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