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

by · The Markets Daily

Nuveen Core Equity Alpha Fund (NYSE:JCE – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 14,499 shares, a growth of 88.9% from the May 31st total of 7,675 shares. Based on an average trading volume of 59,142 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management raised its position in Nuveen Core Equity Alpha Fund by 1.5% during 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 in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Nuveen Core Equity Alpha Fund by 8.8% in the fourth 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 in the last quarter. NewEdge Advisors LLC grew its position in Nuveen Core Equity Alpha Fund by 2.6% during the third quarter. NewEdge Advisors LLC now owns 30,972 shares of the company’s stock valued at $487,000 after acquiring an additional 790 shares during the last quarter. International Assets Investment Management LLC grew its position in Nuveen Core Equity Alpha Fund by 1.9% during the fourth 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 bought a new stake in shares of Nuveen Core Equity Alpha Fund in the 3rd quarter worth approximately $27,000.

Nuveen Core Equity Alpha Fund Stock Performance

Shares of JCE traded down $0.04 during trading hours on Wednesday, reaching $16.32. 82,240 shares of the company’s stock traded hands, compared to its average volume of 45,516. Nuveen Core Equity Alpha Fund has a 12 month low of $13.99 and a 12 month high of $16.71. The firm’s 50 day simple moving average is $16.21 and its 200-day simple moving average is $15.83.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.364 dividend. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34. This represents a $1.46 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Core Equity Alpha Fund Company Profile

(Get Free Report)

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.

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