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 increase in short interest in January. As of January 30th, there was short interest totaling 13,995 shares, an increase of 28.4% from the January 15th total of 10,902 shares. Based on an average daily volume of 37,152 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 37,152 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Nuveen Core Equity Alpha Fund

Several large investors have recently added to or reduced their stakes in JCE. NewEdge Advisors LLC raised its holdings in shares of Nuveen Core Equity Alpha Fund by 3.9% in the first quarter. NewEdge Advisors LLC now owns 28,230 shares of the company’s stock valued at $412,000 after buying an additional 1,069 shares during the last quarter. Wolverine Asset Management LLC raised its position in Nuveen Core Equity Alpha Fund by 239.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 97,115 shares of the company’s stock worth $1,528,000 after purchasing an additional 68,496 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in Nuveen Core Equity Alpha Fund by 2.3% during the 3rd quarter. Shaker Financial Services LLC now owns 540,238 shares of the company’s stock worth $8,669,000 after buying an additional 12,247 shares in the last quarter. Calamos Advisors LLC boosted its position in Nuveen Core Equity Alpha Fund by 21.7% in the 3rd quarter. Calamos Advisors LLC now owns 13,059 shares of the company’s stock valued at $205,000 after buying an additional 2,330 shares during the last quarter. Finally, Sowell Financial Services LLC increased its stake in shares of Nuveen Core Equity Alpha Fund by 22.5% in the 3rd quarter. Sowell Financial Services LLC now owns 14,658 shares of the company’s stock valued at $231,000 after buying an additional 2,697 shares during the period.

Nuveen Core Equity Alpha Fund Stock Up 0.1%

Shares of NYSE:JCE traded up $0.02 on Monday, reaching $15.68. 34,782 shares of the company’s stock were exchanged, compared to its average volume of 56,936. The business’s 50-day moving average is $15.94 and its two-hundred day moving average is $15.76. Nuveen Core Equity Alpha Fund has a fifty-two week low of $12.51 and a fifty-two week high of $16.58.

Nuveen Core Equity Alpha Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.2%.

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.