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

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 37,200 shares, an increase of 22.8% from the June 30th total of 30,300 shares. Based on an average trading volume of 38,500 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Large investors have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 19.7% during the first quarter. International Assets Investment Management LLC now owns 40,104 shares of the company’s stock valued at $561,000 after purchasing an additional 6,609 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Nuveen Core Equity Alpha Fund by 11.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,768 shares of the company’s stock worth $688,000 after acquiring an additional 5,171 shares during the last quarter. Spire Wealth Management raised its holdings in Nuveen Core Equity Alpha Fund by 2.2% in the 4th quarter. Spire Wealth Management now owns 82,435 shares of the company’s stock worth $1,098,000 after acquiring an additional 1,750 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in Nuveen Core Equity Alpha Fund by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 149,950 shares of the company’s stock worth $2,249,000 after acquiring an additional 6,407 shares during the last quarter. Finally, Significant Wealth Partners LLC purchased a new position in Nuveen Core Equity Alpha Fund in the 4th quarter worth approximately $2,896,000.

Nuveen Core Equity Alpha Fund Price Performance

Shares of JCE stock traded down $0.07 during trading hours on Tuesday, hitting $14.63. 35,165 shares of the company’s stock traded hands, compared to its average volume of 44,563. The stock’s fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $14.05. Nuveen Core Equity Alpha Fund has a 12-month low of $11.64 and a 12-month high of $15.20.

Nuveen Core Equity Alpha Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, June 14th. This represents a $1.28 annualized dividend and a dividend yield of 8.75%.

Nuveen Core Equity Alpha Fund Company Profile

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.