Short Interest in Nuveen Core Equity Alpha Fund (NYSE:JCE) Grows By 28.4%

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a significant 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 daily volume of 37,152 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 37,152 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in Nuveen Core Equity Alpha Fund in the third quarter worth about $27,000. CWM LLC raised its holdings 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 valued at $93,000 after purchasing an additional 4,500 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Nuveen Core Equity Alpha Fund in the 4th quarter worth approximately $96,000. Calamos Advisors LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the second quarter valued at approximately $166,000. Finally, Canal Capital Management LLC purchased a new position in Nuveen Core Equity Alpha Fund during the fourth quarter valued at approximately $179,000.

Nuveen Core Equity Alpha Fund Trading Up 0.1%

Shares of JCE opened at $15.72 on Wednesday. The company has a 50-day moving average of $15.93 and a 200 day moving average of $15.77. Nuveen Core Equity Alpha Fund has a 1-year low of $12.51 and a 1-year high of $16.58.

Nuveen Core Equity Alpha Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 8.1%. The ex-dividend date 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.