Nuveen Core Equity Alpha Fund (NYSE:JCE) Sees Large Increase in Short Interest

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 20,520 shares, an increase of 50.7% from the February 26th total of 13,620 shares. Based on an average daily trading volume, of 36,968 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

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

Nuveen Core Equity Alpha Fund Price Performance

Shares of JCE opened at $14.13 on Monday. Nuveen Core Equity Alpha Fund has a 1 year low of $12.51 and a 1 year high of $16.31. The company’s 50 day simple moving average is $15.60 and its 200 day simple moving average is $15.71.

Nuveen Core Equity Alpha Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.6%. This is a boost from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32.

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.