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

Nuveen Core Equity Alpha Fund (NYSE:JCEGet Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 49,100 shares, a growth of 38.7% from the March 15th total of 35,400 shares. Based on an average daily volume of 61,200 shares, the short-interest ratio is currently 0.8 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates increased its position in Nuveen Core Equity Alpha Fund by 3.3% during the 4th quarter. Raymond James & Associates now owns 331,450 shares of the company’s stock worth $6,158,000 after purchasing an additional 10,642 shares during the period. Guggenheim Capital LLC grew its holdings in shares of Nuveen Core Equity Alpha Fund by 2.4% in the 3rd quarter. Guggenheim Capital LLC now owns 305,086 shares of the company’s stock worth $5,217,000 after acquiring an additional 7,211 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Nuveen Core Equity Alpha Fund by 3.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 192,466 shares of the company’s stock worth $3,344,000 after acquiring an additional 6,102 shares during the period. Invesco Ltd. grew its holdings in shares of Nuveen Core Equity Alpha Fund by 3.6% in the 4th quarter. Invesco Ltd. now owns 188,207 shares of the company’s stock worth $3,497,000 after acquiring an additional 6,566 shares during the period. Finally, Advisor Group Holdings Inc. grew its holdings in shares of Nuveen Core Equity Alpha Fund by 2.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 146,429 shares of the company’s stock worth $2,504,000 after acquiring an additional 3,100 shares during the period.

NYSE JCE remained flat at $$15.84 on Friday. The company’s stock had a trading volume of 42,407 shares, compared to its average volume of 60,606. The firm has a fifty day moving average price of $16.03 and a 200-day moving average price of $16.72. Nuveen Core Equity Alpha Fund has a 52 week low of $14.29 and a 52 week high of $18.60.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Tuesday, March 15th were given a dividend of $0.395 per share. This is a boost from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.58 annualized dividend and a yield of 9.97%.

Nuveen Core Equity Alpha Fund Company Profile (Get Rating)

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.

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