Nuveen Core Equity Alpha Fund (NYSE:JCE) Sees Significant Decline in Short Interest

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 4,200 shares, a decrease of 38.2% from the February 28th total of 6,800 shares. Based on an average daily volume of 29,200 shares, the short-interest ratio is presently 0.1 days.

Nuveen Core Equity Alpha Fund Stock Performance

Shares of Nuveen Core Equity Alpha Fund stock traded up $0.11 during midday trading on Monday, hitting $14.53. The company had a trading volume of 88,484 shares, compared to its average volume of 36,365. The company has a fifty day simple moving average of $15.44 and a 200 day simple moving average of $15.46. Nuveen Core Equity Alpha Fund has a 12-month low of $13.32 and a 12-month high of $16.58.

Nuveen Core Equity Alpha Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.32 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 8.81%.

Institutional Trading of Nuveen Core Equity Alpha Fund

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in shares of Nuveen Core Equity Alpha Fund by 227.7% during the 3rd quarter. Larson Financial Group LLC now owns 6,553 shares of the company’s stock worth $101,000 after acquiring an additional 4,553 shares in the last quarter. Cetera Investment Advisers raised its holdings in Nuveen Core Equity Alpha Fund by 35.1% in the 4th quarter. Cetera Investment Advisers now owns 25,876 shares of the company’s stock worth $411,000 after purchasing an additional 6,729 shares during the period. NewEdge Advisors LLC boosted its position in Nuveen Core Equity Alpha Fund by 6.2% during the fourth quarter. NewEdge Advisors LLC now owns 27,161 shares of the company’s stock worth $432,000 after purchasing an additional 1,596 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Nuveen Core Equity Alpha Fund by 8.1% in the fourth quarter. Ameriprise Financial Inc. now owns 37,428 shares of the company’s stock valued at $595,000 after purchasing an additional 2,796 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Nuveen Core Equity Alpha Fund by 19.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 83,693 shares of the company’s stock valued at $1,331,000 after buying an additional 13,550 shares in the last quarter.

Nuveen Core Equity Alpha Fund Company Profile

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.