Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Increases By 119.6%

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 12,300 shares, an increase of 119.6% from the December 15th total of 5,600 shares. Based on an average trading volume of 29,200 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Nuveen Core Equity Alpha Fund in the second quarter worth $55,000. Ashton Thomas Securities LLC acquired a new stake in Nuveen Core Equity Alpha Fund in the third quarter worth about $61,000. Larson Financial Group LLC grew its position in Nuveen Core Equity Alpha Fund by 227.7% in the 3rd quarter. Larson Financial Group LLC now owns 6,553 shares of the company’s stock valued at $101,000 after buying an additional 4,553 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Nuveen Core Equity Alpha Fund by 9.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 24,088 shares of the company’s stock valued at $361,000 after buying an additional 2,115 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Nuveen Core Equity Alpha Fund by 34.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock worth $1,687,000 after buying an additional 27,780 shares in the last quarter.

Nuveen Core Equity Alpha Fund Trading Down 0.1 %

NYSE:JCE traded down $0.01 during mid-day trading on Thursday, hitting $15.64. The stock had a trading volume of 13,837 shares, compared to its average volume of 36,769. Nuveen Core Equity Alpha Fund has a 52 week low of $12.80 and a 52 week high of $16.28. The company has a 50 day simple moving average of $15.67 and a 200-day simple moving average of $15.24.

Nuveen Core Equity Alpha Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.32 per share. The ex-dividend date was Friday, December 13th. This represents a $1.28 annualized dividend and a dividend yield of 8.18%.

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.