Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Down 78.8% in May

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,398 shares, a decline of 78.8% from the April 30th total of 30,198 shares. Based on an average daily volume of 29,949 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Nuveen Core Equity Alpha Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of JCE. Cornerstone Advisors LLC increased its stake in Nuveen Core Equity Alpha Fund by 217.7% during the 3rd quarter. Cornerstone Advisors LLC now owns 181,517 shares of the company’s stock valued at $2,855,000 after purchasing an additional 124,383 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter valued at $1,186,000. PMG Family Office LLC bought a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter valued at $440,000. Invesco Ltd. increased its stake in 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 in the last quarter. Finally, Shaker Financial Services LLC increased its stake in 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 in the last quarter.

Nuveen Core Equity Alpha Fund Stock Performance

Shares of NYSE:JCE traded up $0.06 during mid-day trading on Friday, hitting $16.61. The company had a trading volume of 39,400 shares, compared to its average volume of 42,658. The firm has a fifty day moving average price of $15.70 and a 200 day moving average price of $15.78. Nuveen Core Equity Alpha Fund has a one year low of $13.99 and a one year high of $16.68.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a $0.34 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.36 annualized dividend and a dividend yield of 8.2%. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32.

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.