Nuveen Core Equity Alpha Fund (NYSE:JCE – Get Rating) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 23,400 shares, an increase of 58.1% from the July 15th total of 14,800 shares. Based on an average daily volume of 56,700 shares, the short-interest ratio is presently 0.4 days.
Nuveen Core Equity Alpha Fund Stock Up 1.0 %
Shares of NYSE:JCE opened at $15.75 on Friday. The firm's 50 day simple moving average is $14.08 and its 200-day simple moving average is $15.06. Nuveen Core Equity Alpha Fund has a one year low of $12.55 and a one year high of $18.60.
Get Nuveen Core Equity Alpha Fund alerts:Nuveen Core Equity Alpha Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.395 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.58 annualized dividend and a yield of 10.03%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of JCE. FNY Investment Advisers LLC bought a new stake in Nuveen Core Equity Alpha Fund during the 1st quarter valued at $52,000. David J Yvars Group bought a new stake in Nuveen Core Equity Alpha Fund during the 2nd quarter valued at $147,000. Steward Partners Investment Advisory LLC boosted its position in Nuveen Core Equity Alpha Fund by 21.1% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 8,600 shares of the company's stock valued at $151,000 after acquiring an additional 1,500 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Nuveen Core Equity Alpha Fund during the 2nd quarter valued at $159,000. Finally, Wolverine Asset Management LLC bought a new stake in Nuveen Core Equity Alpha Fund during the 2nd quarter valued at $290,000.Nuveen Core Equity Alpha Fund Company Profile
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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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