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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in 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 acquiring an additional 27,780 shares during the period. 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 buying an additional 4,553 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Nuveen Core Equity Alpha Fund during the third quarter worth approximately $61,000. International Assets Investment Management LLC raised its holdings in 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 worth $9,781,000 after purchasing an additional 596,286 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its position in shares of 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 valued at $2,325,000 after purchasing an additional 1,324 shares during the period.

Nuveen Core Equity Alpha Fund Stock Performance

NYSE:JCE traded down $0.02 on Friday, hitting $15.92. The stock had a trading volume of 17,119 shares, compared to its average volume of 33,566. The company has a fifty day moving average price of $15.75 and a two-hundred day moving average price 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend 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.