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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 12,100 shares, a growth of 57.1% from the October 31st total of 7,700 shares. Based on an average daily volume of 40,100 shares, the short-interest ratio is currently 0.3 days.

Nuveen Core Equity Alpha Fund Stock Up 0.4 %

Nuveen Core Equity Alpha Fund stock traded up $0.06 during midday trading on Friday, reaching $15.73. 6,651 shares of the company traded hands, compared to its average volume of 42,495. Nuveen Core Equity Alpha Fund has a 12 month low of $12.80 and a 12 month high of $15.74. The business has a 50 day moving average of $15.32 and a two-hundred day moving average of $14.94.

Nuveen Core Equity Alpha Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.28 annualized dividend and a dividend yield of 8.14%.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

A number of institutional investors and hedge funds have recently modified their holdings of JCE. International Assets Investment Management LLC lifted 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 valued at $9,781,000 after acquiring an additional 596,286 shares during the period. Thrivent Financial for Lutherans increased 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 valued at $1,687,000 after purchasing an additional 27,780 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Nuveen Core Equity Alpha Fund by 1.8% in the 2nd quarter. Raymond James & Associates now owns 442,559 shares of the company’s stock worth $6,638,000 after purchasing an additional 7,985 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of Nuveen Core Equity Alpha Fund by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 149,950 shares of the company’s stock worth $2,249,000 after purchasing an additional 6,407 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Nuveen Core Equity Alpha Fund by 227.7% in the third 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 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.