Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Decreases By 38.2%

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 4,200 shares, a decrease of 38.2% from the February 28th total of 6,800 shares. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Several large investors have recently made changes to their positions in JCE. Baird Financial Group Inc. raised its position in 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 purchasing an additional 17,785 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Nuveen Core Equity Alpha Fund in the 4th quarter valued at $7,866,000. Retirement Planning Group LLC NY purchased a new stake in shares of Nuveen Core Equity Alpha Fund in the 4th quarter valued at $4,641,000. Invesco Ltd. lifted its stake in Nuveen Core Equity Alpha Fund by 0.7% during the 4th quarter. Invesco Ltd. now owns 243,548 shares of the company’s stock worth $3,872,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in Nuveen Core Equity Alpha Fund by 8.9% during the 4th quarter. Guggenheim Capital LLC now owns 243,362 shares of the company’s stock valued at $3,869,000 after acquiring an additional 19,805 shares during the period.

Nuveen Core Equity Alpha Fund Stock Down 1.7 %

JCE traded down $0.25 on Friday, hitting $14.44. The company had a trading volume of 18,432 shares, compared to its average volume of 36,156. The company’s fifty day moving average price is $15.44 and its 200 day moving average price is $15.46. Nuveen Core Equity Alpha Fund has a 1 year low of $13.32 and a 1 year high of $16.58.

Nuveen Core Equity Alpha Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date of this dividend is Friday, March 14th.

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.