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 during 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 daily trading volume, of 44,828 shares, the short-interest ratio is presently 0.4 days.

Nuveen Core Equity Alpha Fund Stock Performance

Shares of NYSE:JCE remained flat at $15.87 during midday trading on Friday. The company had a trading volume of 39,185 shares, compared to its average volume of 47,340. Nuveen Core Equity Alpha Fund has a 12 month low of $13.01 and a 12 month high of $16.31. The business’s 50 day moving average price is $15.37 and its two-hundred day moving average price is $15.67.

Nuveen Core Equity Alpha Fund Increases Dividend

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

Institutional Trading of Nuveen Core Equity Alpha Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of Nuveen Core Equity Alpha Fund during the 3rd quarter valued at $27,000. CWM LLC raised its stake in shares of 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. Blue Trust Inc. bought a new stake in shares of Nuveen Core Equity Alpha Fund during the 4th quarter valued at $96,000. Rockefeller Capital Management L.P. raised its stake in shares of Nuveen Core Equity Alpha Fund by 8.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,363 shares of the company’s stock valued at $149,000 after purchasing an additional 759 shares during the period. Finally, Canal Capital Management LLC bought a new stake in shares of Nuveen Core Equity Alpha Fund during the 4th quarter valued at $179,000.

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.