Nuveen Core Equity Alpha Fund (NYSE:JCE) Sees Significant Growth in Short Interest

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a large increase in short interest during the month of 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 trading volume of 37,152 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 37,152 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Nuveen Core Equity Alpha Fund

Large investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in Nuveen Core Equity Alpha Fund in the third quarter worth $27,000. CWM LLC raised its position in shares of Nuveen Core Equity Alpha Fund by 341.9% in the 4th 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. bought a new position in Nuveen Core Equity Alpha Fund in the 4th quarter worth about $96,000. Calamos Advisors LLC purchased a new stake in Nuveen Core Equity Alpha Fund during the 2nd quarter valued at about $166,000. Finally, Canal Capital Management LLC bought a new stake in Nuveen Core Equity Alpha Fund during the 4th quarter valued at about $179,000.

Nuveen Core Equity Alpha Fund Stock Up 0.1%

NYSE:JCE traded up $0.02 during midday trading on Monday, hitting $15.68. The company had a trading volume of 34,782 shares, compared to its average volume of 56,936. The stock’s fifty day moving average price is $15.94 and its 200-day moving average price is $15.76. Nuveen Core Equity Alpha Fund has a 52-week low of $12.51 and a 52-week high of $16.58.

Nuveen Core Equity Alpha Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 8.2%. 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.