Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Rises By 88.9%

Nuveen Core Equity Alpha Fund (NYSE:JCE) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 14,499 shares, an increase of 88.9% from the May 31st total of 7,675 shares. Based on an average trading volume of 59,142 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Nuveen Core Equity Alpha Fund

Large investors have recently made changes to their positions in the company. PMG Family Office LLC acquired a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter worth $440,000. Invesco Ltd. lifted its stake in shares of Nuveen Core Equity Alpha Fund by 11.2% in the fourth quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock worth $4,306,000 after buying an additional 27,289 shares in the last quarter. Shaker Financial Services LLC boosted its position in Nuveen Core Equity Alpha Fund by 3.8% during the fourth quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock worth $8,938,000 after acquiring an additional 20,479 shares during the last quarter. Guggenheim Capital LLC boosted its position in Nuveen Core Equity Alpha Fund by 5.6% during the fourth quarter. Guggenheim Capital LLC now owns 268,892 shares of the company’s stock worth $4,286,000 after acquiring an additional 14,280 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Nuveen Core Equity Alpha Fund by 2.7% during the 2nd quarter. Raymond James Financial Inc. now owns 522,261 shares of the company’s stock valued at $8,095,000 after acquiring an additional 13,942 shares in the last quarter.

Nuveen Core Equity Alpha Fund Trading Down 0.4%

Nuveen Core Equity Alpha Fund stock traded down $0.06 during midday trading on Thursday, reaching $16.31. The company had a trading volume of 16,515 shares, compared to its average volume of 45,347. Nuveen Core Equity Alpha Fund has a 12-month low of $13.99 and a 12-month high of $16.71. The firm’s fifty day simple moving average is $16.22 and its 200-day simple moving average is $15.84.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a $0.364 dividend. This is a boost 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 dividend yield of 8.9%. The ex-dividend date of this dividend was Monday, June 15th.

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.