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

Nuveen Core Equity Alpha Fund (NYSE:JCE – Get Free Report) was the target of a significant increase in short interest during the month of 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 short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JCE. NewEdge Advisors LLC boosted its holdings in Nuveen Core Equity Alpha Fund by 2.9% in the 1st quarter. NewEdge Advisors LLC now owns 30,515 shares of the company’s stock worth $451,000 after buying an additional 862 shares during the period. Western Wealth Management LLC purchased a new position in shares of Nuveen Core Equity Alpha Fund in the first quarter valued at $36,000. Bank of America Corp DE lifted its holdings in Nuveen Core Equity Alpha Fund by 6.8% during the 1st quarter. Bank of America Corp DE now owns 35,792 shares of the company’s stock worth $529,000 after purchasing an additional 2,285 shares in the last quarter. Fifth Third Bancorp bought a new position in Nuveen Core Equity Alpha Fund in the 1st quarter worth about $59,000. Finally, PMG Family Office LLC grew its holdings in Nuveen Core Equity Alpha Fund by 7.0% during the 1st quarter. PMG Family Office LLC now owns 29,369 shares of the company’s stock valued at $444,000 after buying an additional 1,924 shares in the last quarter.

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Nuveen Core Equity Alpha Fund Stock Performance

NYSE:JCE traded down $0.04 during trading hours on Wednesday, reaching $16.32. The stock had a trading volume of 82,240 shares, compared to its average volume of 45,516. The stock has a 50 day simple moving average of $16.21 and a 200 day simple moving average of $15.83. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.364 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.46 dividend on an annualized basis and a yield of 8.9%. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34.

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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