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

Nuveen Core Equity Alpha Fund (NYSE:JCE) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 30,198 shares, a growth of 91.6% from the April 15th total of 15,762 shares. Based on an average trading volume of 37,866 shares, the days-to-cover ratio is presently 0.8 days.

Nuveen Core Equity Alpha Fund Stock Down 1.1%

Shares of JCE stock traded down $0.18 on Friday, hitting $16.24. 30,611 shares of the stock were exchanged, compared to its average volume of 44,335. Nuveen Core Equity Alpha Fund has a one year low of $13.99 and a one year high of $16.53. The firm’s 50 day moving average is $15.48 and its two-hundred day moving average is $15.73.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 8.4%. 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JCE. Cornerstone Advisors LLC grew its stake in shares of Nuveen Core Equity Alpha Fund by 217.7% during the 3rd quarter. Cornerstone Advisors LLC now owns 181,517 shares of the company’s stock worth $2,855,000 after acquiring an additional 124,383 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Nuveen Core Equity Alpha Fund during the 3rd quarter worth $1,186,000. Wolverine Asset Management LLC grew its stake in shares of Nuveen Core Equity Alpha Fund by 239.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 97,115 shares of the company’s stock worth $1,528,000 after acquiring an additional 68,496 shares during the period. PMG Family Office LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the 3rd quarter worth $440,000. Finally, Invesco Ltd. grew its stake in shares of Nuveen Core Equity Alpha Fund by 11.2% during the 4th quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock worth $4,306,000 after acquiring an additional 27,289 shares during the period.

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.