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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a large growth in short interest during the month of 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 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 $0.10 during trading hours on Wednesday, hitting $15.84. 31,099 shares of the stock were exchanged, compared to its average volume of 35,806. The stock has a 50-day simple moving average of $15.74 and a 200-day simple moving average of $15.30. Nuveen Core Equity Alpha Fund has a 12 month low of $13.19 and a 12 month high of $16.28.

Nuveen Core Equity Alpha Fund Announces Dividend

The firm 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 dividend yield of 8.08%. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Several institutional investors and hedge funds have recently bought and sold shares of JCE. Larson Financial Group LLC raised its position in shares of 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 purchasing an additional 4,553 shares during the period. Thrivent Financial for Lutherans increased its position in Nuveen Core Equity Alpha Fund by 34.8% in the third 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. 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 boosted its holdings in shares of Nuveen Core Equity Alpha Fund by 1,487.3% during 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. Finally, Capital Investment Advisors LLC grew its position 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 worth $2,325,000 after acquiring an additional 1,324 shares during the last quarter.

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.