Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Up 22.8% in July

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 37,200 shares, an increase of 22.8% from the June 30th total of 30,300 shares. Based on an average daily volume of 38,500 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JCE. International Assets Investment Management LLC raised its stake in shares of Nuveen Core Equity Alpha Fund by 19.7% during the first quarter. International Assets Investment Management LLC now owns 40,104 shares of the company’s stock valued at $561,000 after purchasing an additional 6,609 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Nuveen Core Equity Alpha Fund by 11.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,768 shares of the company’s stock worth $688,000 after buying an additional 5,171 shares in the last quarter. Spire Wealth Management lifted its holdings in Nuveen Core Equity Alpha Fund by 2.2% in the 4th quarter. Spire Wealth Management now owns 82,435 shares of the company’s stock worth $1,098,000 after buying an additional 1,750 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Nuveen Core Equity Alpha Fund by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 149,950 shares of the company’s stock valued at $2,249,000 after buying an additional 6,407 shares during the last quarter. Finally, Significant Wealth Partners LLC acquired a new stake in shares of Nuveen Core Equity Alpha Fund during the fourth quarter valued at about $2,896,000.

Nuveen Core Equity Alpha Fund Trading Down 0.5 %

Shares of JCE traded down $0.07 during midday trading on Tuesday, reaching $14.63. 35,165 shares of the company were exchanged, compared to its average volume of 44,563. Nuveen Core Equity Alpha Fund has a 1-year low of $11.64 and a 1-year high of $15.20. The stock has a 50-day moving average price of $14.66 and a 200-day moving average price of $14.05.

Nuveen Core Equity Alpha Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 8.75%. The ex-dividend date was Friday, June 14th.

About Nuveen Core Equity Alpha Fund

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.