Nuveen Core Equity Alpha Fund (NYSE:JCE) Sees Large Growth in Short Interest

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 36,684 shares, a growth of 99.2% from the June 30th total of 18,418 shares. Based on an average trading volume of 36,607 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Nuveen Core Equity Alpha Fund

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of Nuveen Core Equity Alpha Fund in the 3rd quarter valued at $27,000. Western Wealth Management LLC purchased a new stake in Nuveen Core Equity Alpha Fund in the first quarter valued at $36,000. Fifth Third Bancorp purchased a new stake in Nuveen Core Equity Alpha Fund in the first quarter valued at $59,000. CWM LLC boosted its stake in 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 acquiring an additional 4,500 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in Nuveen Core Equity Alpha Fund in the fourth quarter valued at $96,000.

Nuveen Core Equity Alpha Fund Price Performance

JCE stock traded up $0.28 during trading on Thursday, hitting $16.35. 33,109 shares of the company’s stock were exchanged, compared to its average volume of 43,772. The business has a 50-day moving average price of $16.31 and a two-hundred day moving average price of $15.91. Nuveen Core Equity Alpha Fund has a 52-week low of $13.99 and a 52-week high of $16.72.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a dividend of $0.364 per share. The ex-dividend date of this dividend was Monday, June 15th. 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 8.9%.

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.