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

Nuveen Core Equity Alpha Fund (NYSE:JCE) saw a large increase in short interest during the month of 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 currently 0.4 days.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

A number of hedge funds have recently added to or reduced their stakes in JCE. Thrivent Financial for Lutherans grew its position in shares of Nuveen Core Equity Alpha Fund by 34.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock worth $1,687,000 after buying an additional 27,780 shares during the period. Larson Financial Group LLC boosted its stake in Nuveen Core Equity Alpha Fund by 227.7% during the third 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. Ashton Thomas Securities LLC acquired a new stake in Nuveen Core Equity Alpha Fund in the third quarter worth $61,000. International Assets Investment Management LLC grew its holdings in Nuveen Core Equity Alpha Fund by 1,487.3% in the third quarter. International Assets Investment Management LLC now owns 636,378 shares of the company’s stock worth $9,781,000 after purchasing an additional 596,286 shares during the period. Finally, Capital Investment Advisors LLC increased its stake in Nuveen Core Equity Alpha Fund by 0.9% in the third quarter. Capital Investment Advisors LLC now owns 151,274 shares of the company’s stock valued at $2,325,000 after purchasing an additional 1,324 shares in the last quarter.

Nuveen Core Equity Alpha Fund Stock Performance

Nuveen Core Equity Alpha Fund stock traded down $0.04 during trading hours on Tuesday, reaching $15.47. 20,568 shares of the company’s stock were exchanged, compared to its average volume of 36,083. The firm’s 50 day simple moving average is $15.65 and its 200 day simple moving average is $15.23. Nuveen Core Equity Alpha Fund has a twelve month low of $12.80 and a twelve month high of $16.28.

Nuveen Core Equity Alpha Fund Dividend Announcement

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

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.