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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 6,800 shares, a growth of 44.7% from the February 13th total of 4,700 shares. Based on an average daily volume of 29,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Several institutional investors have recently bought and sold shares of JCE. Baird Financial Group Inc. boosted its holdings in shares of Nuveen Core Equity Alpha Fund by 3.5% in the fourth quarter. Baird Financial Group Inc. now owns 528,774 shares of the company’s stock valued at $8,408,000 after acquiring an additional 17,785 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Nuveen Core Equity Alpha Fund during the fourth quarter valued at approximately $7,866,000. Retirement Planning Group LLC NY bought a new stake in Nuveen Core Equity Alpha Fund during the fourth quarter worth approximately $4,641,000. Invesco Ltd. grew its position in Nuveen Core Equity Alpha Fund by 0.7% in the fourth quarter. Invesco Ltd. now owns 243,548 shares of the company’s stock worth $3,872,000 after buying an additional 1,672 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of Nuveen Core Equity Alpha Fund by 8.9% in the fourth quarter. Guggenheim Capital LLC now owns 243,362 shares of the company’s stock valued at $3,869,000 after buying an additional 19,805 shares in the last quarter.

Nuveen Core Equity Alpha Fund Stock Performance

Shares of JCE opened at $14.49 on Tuesday. The stock has a fifty day moving average price of $15.64 and a 200 day moving average price of $15.50. Nuveen Core Equity Alpha Fund has a 12 month low of $13.32 and a 12 month high of $16.58.

Nuveen Core Equity Alpha Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 8.84%.

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.