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

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

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

A number of institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nuveen Core Equity Alpha Fund in the second quarter worth approximately $55,000. Ashton Thomas Securities LLC bought a new position in Nuveen Core Equity Alpha Fund during the 3rd quarter worth approximately $61,000. Larson Financial Group LLC lifted 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 worth $101,000 after purchasing an additional 4,553 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Nuveen Core Equity Alpha Fund by 9.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 24,088 shares of the company’s stock valued at $361,000 after purchasing an additional 2,115 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Nuveen Core Equity Alpha Fund by 34.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock worth $1,687,000 after acquiring an additional 27,780 shares in the last quarter.

Nuveen Core Equity Alpha Fund Trading Up 0.1 %

NYSE JCE traded up $0.02 on Thursday, hitting $15.67. The company’s stock had a trading volume of 22,379 shares, compared to its average volume of 37,737. The company’s 50-day moving average is $15.67 and its 200 day moving average is $15.24. Nuveen Core Equity Alpha Fund has a 1-year low of $12.80 and a 1-year high of $16.28.

Nuveen Core Equity Alpha Fund Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 8.17%. The ex-dividend date was Friday, December 13th.

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.