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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient 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.

Nuveen Core Equity Alpha Fund Trading Up 0.0%

NYSE:JCE traded up $0.01 during mid-day trading on Monday, reaching $16.25. 33,263 shares of the stock were exchanged, compared to its average volume of 44,217. The company has a 50 day simple moving average of $15.49 and a 200-day simple moving average of $15.74. Nuveen Core Equity Alpha Fund has a 1 year low of $13.99 and a 1 year high of $16.53.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently declared 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. The ex-dividend date was Friday, March 13th. This represents a $1.36 dividend on an annualized basis and a yield of 8.4%. This is a boost from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in Nuveen Core Equity Alpha Fund by 1.5% during the 4th quarter. Spire Wealth Management now owns 51,574 shares of the company’s stock worth $822,000 after acquiring an additional 754 shares during the period. Rockefeller Capital Management L.P. lifted its position in 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 worth $149,000 after acquiring an additional 759 shares during the period. NewEdge Advisors LLC lifted its position in Nuveen Core Equity Alpha Fund by 2.6% during the 3rd quarter. NewEdge Advisors LLC now owns 30,972 shares of the company’s stock worth $487,000 after acquiring an additional 790 shares during the period. International Assets Investment Management LLC lifted its position in Nuveen Core Equity Alpha Fund by 1.9% during the 4th quarter. International Assets Investment Management LLC now owns 53,002 shares of the company’s stock worth $845,000 after acquiring an additional 1,011 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter worth approximately $27,000.

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.