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

Nuveen Core Equity Alpha Fund (NYSE:JCE) saw a significant decline in short interest in 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 trading volume of 29,949 shares, the short-interest ratio is currently 0.2 days.

Nuveen Core Equity Alpha Fund Trading Up 0.4%

Shares of Nuveen Core Equity Alpha Fund stock traded up $0.06 during trading on Friday, hitting $16.61. The stock had a trading volume of 37,208 shares, compared to its average volume of 42,607. Nuveen Core Equity Alpha Fund has a 12 month low of $13.99 and a 12 month high of $16.68. The business’s 50-day moving average is $15.67 and its 200 day moving average is $15.77.

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 given a dividend of $0.34 per share. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, March 13th. This represents a $1.36 annualized dividend and a dividend yield of 8.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JCE. Cornerstone Advisors LLC increased its stake in shares of Nuveen Core Equity Alpha Fund by 217.7% in the third quarter. Cornerstone Advisors LLC now owns 181,517 shares of the company’s stock worth $2,855,000 after buying an additional 124,383 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter valued at about $1,186,000. PMG Family Office LLC bought a new stake in shares of Nuveen Core Equity Alpha Fund during the third quarter valued at approximately $440,000. Invesco Ltd. boosted 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 during the last quarter. Finally, Shaker Financial Services LLC raised its position in Nuveen Core Equity Alpha Fund by 3.8% in the 4th quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock worth $8,938,000 after buying an additional 20,479 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.