Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Up 99.2% in July

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 36,684 shares, a growth of 99.2% from the June 30th total of 18,418 shares. Based on an average trading volume of 36,607 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Nuveen Core Equity Alpha Fund

A number of institutional investors and hedge funds have recently made changes to their positions in JCE. Spire Wealth Management lifted its position in shares of Nuveen Core Equity Alpha Fund by 1.5% in the 4th quarter. Spire Wealth Management now owns 51,574 shares of the company’s stock valued at $822,000 after acquiring an additional 754 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Nuveen Core Equity Alpha Fund by 8.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,363 shares of the company’s stock valued at $149,000 after purchasing an additional 759 shares during the period. NewEdge Advisors LLC raised its stake in Nuveen Core Equity Alpha Fund by 2.6% during the 3rd quarter. NewEdge Advisors LLC now owns 30,972 shares of the company’s stock valued at $487,000 after purchasing an additional 790 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 1.9% in the fourth quarter. International Assets Investment Management LLC now owns 53,002 shares of the company’s stock valued at $845,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Nuveen Core Equity Alpha Fund in the third quarter worth $27,000.

Nuveen Core Equity Alpha Fund Trading Down 1.7%

Shares of NYSE:JCE traded down $0.28 during trading on Wednesday, hitting $16.09. The company’s stock had a trading volume of 44,358 shares, compared to its average volume of 43,847. Nuveen Core Equity Alpha Fund has a fifty-two week low of $13.99 and a fifty-two week high of $16.72. The stock’s 50-day moving average price is $16.32 and its two-hundred day moving average price is $15.91.

Nuveen Core Equity Alpha Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a dividend of $0.364 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 9.1%. This is a boost from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34.

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.