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

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

Nuveen Core Equity Alpha Fund Price Performance

Shares of NYSE JCE traded down $0.10 during mid-day trading on Wednesday, reaching $15.84. The company had a trading volume of 31,099 shares, compared to its average volume of 35,806. The stock has a fifty day moving average of $15.74 and a two-hundred day moving average of $15.30. Nuveen Core Equity Alpha Fund has a 12-month low of $13.19 and a 12-month high of $16.28.

Nuveen Core Equity Alpha Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JCE. Ashton Thomas Securities LLC acquired a new position in Nuveen Core Equity Alpha Fund in the third quarter worth approximately $61,000. Larson Financial Group LLC boosted its stake in shares of Nuveen Core Equity Alpha Fund by 227.7% during the 3rd quarter. Larson Financial Group LLC now owns 6,553 shares of the company’s stock worth $101,000 after acquiring an additional 4,553 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Nuveen Core Equity Alpha Fund by 34.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock valued at $1,687,000 after acquiring an additional 27,780 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in Nuveen Core Equity Alpha Fund by 0.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 151,274 shares of the company’s stock worth $2,325,000 after purchasing an additional 1,324 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Nuveen Core Equity Alpha Fund by 1,487.3% during the third quarter. International Assets Investment Management LLC now owns 636,378 shares of the company’s stock worth $9,781,000 after purchasing an additional 596,286 shares during the period.

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.