Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Increases By 119.6%

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

Nuveen Core Equity Alpha Fund Stock Performance

JCE traded down $0.02 during trading on Friday, reaching $15.92. The stock had a trading volume of 17,119 shares, compared to its average volume of 33,566. The stock has a 50 day moving average of $15.75 and a two-hundred day moving average of $15.30. Nuveen Core Equity Alpha Fund has a 1-year low of $13.19 and a 1-year high of $16.28.

Nuveen Core Equity Alpha Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of Nuveen Core Equity Alpha Fund

Several institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Nuveen Core Equity Alpha Fund by 1,487.3% during the 3rd quarter. International Assets Investment Management LLC now owns 636,378 shares of the company’s stock worth $9,781,000 after acquiring an additional 596,286 shares in the last quarter. Thrivent Financial for Lutherans lifted 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 valued at $1,687,000 after purchasing an additional 27,780 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Nuveen Core Equity Alpha Fund by 227.7% in the 3rd quarter. Larson Financial Group LLC now owns 6,553 shares of the company’s stock valued at $101,000 after purchasing an additional 4,553 shares during the period. Ashton Thomas Securities LLC purchased a new position in Nuveen Core Equity Alpha Fund in the 3rd quarter worth about $61,000. Finally, Capital Investment Advisors LLC increased its stake in Nuveen Core Equity Alpha Fund by 0.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 151,274 shares of the company’s stock worth $2,325,000 after purchasing an additional 1,324 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.