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

Nuveen Core Equity Alpha Fund (NYSE:JCE – Get Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,500 shares, a drop of 61.1% from the April 30th total of 9,000 shares. Based on an average daily volume of 65,200 shares, the short-interest ratio is presently 0.1 days.

JCE traded up $0.18 during midday trading on Friday, hitting $14.71. 41,130 shares of the company were exchanged, compared to its average volume of 59,471. The company’s 50 day simple moving average is $15.50 and its 200 day simple moving average is $16.29. Nuveen Core Equity Alpha Fund has a 1-year low of $13.26 and a 1-year high of $18.60.

The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Tuesday, March 15th were given a dividend of $0.395 per share. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.30. This represents a $1.58 annualized dividend and a yield of 10.74%. The ex-dividend date was Monday, March 14th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Shaker Financial Services LLC acquired a new stake in shares of Nuveen Core Equity Alpha Fund during the 4th quarter valued at about $979,000. Cohen & Steers Inc. grew its position in shares of Nuveen Core Equity Alpha Fund by 14.1% during the 1st quarter. Cohen & Steers Inc. now owns 164,369 shares of the company’s stock valued at $2,883,000 after acquiring an additional 20,263 shares during the period. Strategic Wealth Advisors Group LLC acquired a new stake in shares of Nuveen Core Equity Alpha Fund during the 1st quarter valued at about $312,000. Spire Wealth Management grew its position in shares of Nuveen Core Equity Alpha Fund by 2,531.4% during the 1st quarter. Spire Wealth Management now owns 18,420 shares of the company’s stock valued at $323,000 after acquiring an additional 17,720 shares during the period. Finally, Morgan Stanley grew its position in shares of Nuveen Core Equity Alpha Fund by 17.7% during the 2nd quarter. Morgan Stanley now owns 93,144 shares of the company’s stock valued at $1,531,000 after acquiring an additional 13,996 shares during the period.

About Nuveen Core Equity Alpha Fund (Get Rating)

Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options.

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