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

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the third quarter valued at about $27,000. Western Wealth Management LLC purchased a new stake in Nuveen Core Equity Alpha Fund during the first quarter worth about $36,000. Fifth Third Bancorp purchased a new stake in Nuveen Core Equity Alpha Fund during the first quarter worth about $59,000. CWM LLC increased its holdings in Nuveen Core Equity Alpha Fund by 341.9% during the fourth quarter. CWM LLC now owns 5,816 shares of the company’s stock worth $93,000 after buying an additional 4,500 shares during the last quarter. Finally, Blue Trust Inc. purchased a new stake in Nuveen Core Equity Alpha Fund during the fourth quarter worth about $96,000.

Nuveen Core Equity Alpha Fund Trading Up 0.4%

Shares of NYSE:JCE traded up $0.06 during trading on Friday, reaching $16.61. The stock had a trading volume of 39,400 shares, compared to its average volume of 42,658. The firm’s fifty day moving average is $15.70 and its 200 day moving average is $15.77. Nuveen Core Equity Alpha Fund has a 52 week low of $13.99 and a 52 week high of $16.68.

Nuveen Core Equity Alpha Fund Increases Dividend

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

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.