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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 12,300 shares, an increase of 119.6% from the December 15th total of 5,600 shares. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its holdings in shares of Nuveen Core Equity Alpha Fund by 34.8% during the third quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock worth $1,687,000 after purchasing an additional 27,780 shares during the last quarter. Larson Financial Group LLC boosted its position in 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 buying an additional 4,553 shares during the period. Ashton Thomas Securities LLC bought a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter worth approximately $61,000. International Assets Investment Management LLC increased its position in Nuveen Core Equity Alpha Fund by 1,487.3% in the 3rd quarter. International Assets Investment Management LLC now owns 636,378 shares of the company’s stock valued at $9,781,000 after acquiring an additional 596,286 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in shares of Nuveen Core Equity Alpha Fund by 0.9% during the third quarter. Capital Investment Advisors LLC now owns 151,274 shares of the company’s stock valued at $2,325,000 after acquiring an additional 1,324 shares during the last quarter.

Nuveen Core Equity Alpha Fund Stock Down 0.3 %

NYSE JCE traded down $0.04 during trading on Tuesday, hitting $15.47. 20,568 shares of the company’s stock were exchanged, compared to its average volume of 36,083. Nuveen Core Equity Alpha Fund has a fifty-two week low of $12.80 and a fifty-two week high of $16.28. The stock’s 50 day moving average price is $15.65 and its two-hundred day moving average price is $15.23.

Nuveen Core Equity Alpha Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend was Friday, December 13th.

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.