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

Nuveen Core Equity Alpha Fund (NYSE:JCE) saw a significant growth in short interest in 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 trading volume of 40,100 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Nuveen Core Equity Alpha Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of 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 worth $1,687,000 after acquiring an additional 27,780 shares in the last quarter. Larson Financial Group LLC grew its holdings 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 valued at $101,000 after purchasing an additional 4,553 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Nuveen Core Equity Alpha Fund in the 3rd quarter worth $61,000. International Assets Investment Management LLC lifted its stake 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 worth $9,781,000 after purchasing an additional 596,286 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in 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 worth $2,325,000 after buying an additional 1,324 shares during the period.

Nuveen Core Equity Alpha Fund Stock Up 0.4 %

JCE traded up $0.06 during trading on Friday, reaching $15.73. The stock had a trading volume of 4,749 shares, compared to its average volume of 42,486. The business has a 50-day moving average of $15.30 and a 200-day moving average of $14.92. Nuveen Core Equity Alpha Fund has a one year low of $12.80 and a one year high of $15.73.

Nuveen Core Equity Alpha Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors 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 dividend on an annualized basis and a dividend yield of 8.14%.

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.