Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Down 40.7% in February

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 13,620 shares, a drop of 40.7% from the February 12th total of 22,963 shares. Based on an average daily volume of 33,105 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 33,105 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Core Equity Alpha Fund Stock Down 2.4%

Shares of JCE stock traded down $0.37 on Friday, hitting $14.88. 33,075 shares of the stock were exchanged, compared to its average volume of 48,459. Nuveen Core Equity Alpha Fund has a fifty-two week low of $12.51 and a fifty-two week high of $16.31. The business has a 50-day moving average of $15.85 and a 200 day moving average of $15.78.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 9.1%. The ex-dividend date is Friday, March 13th. This is a positive change from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Several hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its position in shares of Nuveen Core Equity Alpha Fund by 32.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 35,193 shares of the company’s stock worth $561,000 after purchasing an additional 8,581 shares in the last quarter. NewEdge Advisors LLC grew its position in Nuveen Core Equity Alpha Fund by 2.6% in the third quarter. NewEdge Advisors LLC now owns 30,972 shares of the company’s stock valued at $487,000 after purchasing an additional 790 shares in the last quarter. Advisory Services Network LLC bought a new position in Nuveen Core Equity Alpha Fund in the third quarter valued at $27,000. CWM LLC increased its stake in Nuveen Core Equity Alpha Fund by 341.9% in the 4th quarter. CWM LLC now owns 5,816 shares of the company’s stock valued at $93,000 after buying an additional 4,500 shares during the last quarter. Finally, Calamos Advisors LLC lifted its position in Nuveen Core Equity Alpha Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 17,253 shares of the company’s stock worth $275,000 after buying an additional 4,194 shares in the last quarter.

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.