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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 20,520 shares, a growth of 50.7% from the February 26th total of 13,620 shares. Based on an average trading volume of 36,968 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Core Equity Alpha Fund Stock Down 2.2%

NYSE JCE traded down $0.32 during trading hours on Friday, hitting $14.13. 35,072 shares of the company’s stock traded hands, compared to its average volume of 46,450. Nuveen Core Equity Alpha Fund has a 52-week low of $12.51 and a 52-week high of $16.31. The firm’s 50-day moving average is $15.60 and its 200-day moving average is $15.71.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, March 13th. This represents a $1.36 annualized dividend and a dividend yield of 9.6%. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in Nuveen Core Equity Alpha Fund by 3.9% during the first quarter. NewEdge Advisors LLC now owns 28,230 shares of the company’s stock worth $412,000 after buying an additional 1,069 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Nuveen Core Equity Alpha Fund by 5.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 89,419 shares of the company’s stock valued at $1,386,000 after buying an additional 4,942 shares in the last quarter. Invesco Ltd. grew its holdings in Nuveen Core Equity Alpha Fund by 5.5% in the 2nd quarter. Invesco Ltd. now owns 263,723 shares of the company’s stock valued at $4,088,000 after buying an additional 13,754 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Nuveen Core Equity Alpha Fund by 1.9% in the 2nd quarter. Guggenheim Capital LLC now owns 232,476 shares of the company’s stock worth $3,603,000 after acquiring an additional 4,401 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Nuveen Core Equity Alpha Fund by 2.7% in the 2nd quarter. Raymond James Financial Inc. now owns 522,261 shares of the company’s stock worth $8,095,000 after acquiring an additional 13,942 shares during the last quarter.

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.