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

Nuveen Core Equity Alpha Fund (NYSE:JCE) saw a large growth in short interest in 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 trading volume, of 29,800 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Core Equity Alpha Fund Trading Up 0.5 %

JCE traded up $0.08 on Monday, reaching $14.49. 69,521 shares of the company traded hands, compared to its average volume of 37,651. Nuveen Core Equity Alpha Fund has a one year low of $13.32 and a one year high of $16.58. The firm has a fifty day simple moving average of $15.67 and a two-hundred day simple moving average of $15.50.

Nuveen Core Equity Alpha Fund Dividend Announcement

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

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in shares of Nuveen Core Equity Alpha Fund by 8.1% in the 4th quarter. Ameriprise Financial Inc. now owns 37,428 shares of the company’s stock valued at $595,000 after purchasing an additional 2,796 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Nuveen Core Equity Alpha Fund by 35.1% in the 4th quarter. Cetera Investment Advisers now owns 25,876 shares of the company’s stock valued at $411,000 after purchasing an additional 6,729 shares in the last quarter. Retirement Planning Group LLC NY bought a new stake in shares of Nuveen Core Equity Alpha Fund in the 4th quarter valued at about $4,641,000. Baird Financial Group Inc. raised its holdings in shares of Nuveen Core Equity Alpha Fund by 3.5% in the 4th 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 in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Nuveen Core Equity Alpha Fund by 6.2% in the 4th quarter. NewEdge Advisors LLC now owns 27,161 shares of the company’s stock valued at $432,000 after purchasing an additional 1,596 shares in the last quarter.

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.