Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Grows By 64.1%

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 22,963 shares, an increase of 64.1% from the January 29th total of 13,995 shares. Based on an average daily trading volume, of 37,219 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 37,219 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter valued at approximately $27,000. CWM LLC raised its holdings in shares of Nuveen Core Equity Alpha Fund by 341.9% during the fourth quarter. CWM LLC now owns 5,816 shares of the company’s stock worth $93,000 after purchasing an additional 4,500 shares during the last quarter. Blue Trust Inc. acquired a new position in Nuveen Core Equity Alpha Fund during the fourth quarter valued at $96,000. Calamos Advisors LLC purchased a new stake in Nuveen Core Equity Alpha Fund in the second quarter valued at $166,000. Finally, Canal Capital Management LLC acquired a new stake in Nuveen Core Equity Alpha Fund during the 4th quarter worth about $179,000.

Nuveen Core Equity Alpha Fund Trading Down 0.1%

Nuveen Core Equity Alpha Fund stock traded down $0.01 during midday trading on Friday, reaching $15.85. The company’s stock had a trading volume of 28,462 shares, compared to its average volume of 51,422. The stock’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $15.79. Nuveen Core Equity Alpha Fund has a 52-week low of $12.51 and a 52-week high of $16.31.

Nuveen Core Equity Alpha Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Monday, December 15th.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a diversified, closed-end management investment company sponsored by Nuveen, a TIAA company. The fund’s primary objective is to seek total return through a combination of income and capital appreciation. Nuveen Core Equity Alpha Fund manages its portfolio primarily in U.S. equity securities, focusing on established, large-capitalization companies across multiple sectors.

Under the direction of Nuveen’s equity specialists, the fund employs a bottom-up research process to identify companies with attractive valuation, quality earnings prospects and sustainable cash flow.