Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Down 38.2% in March

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 4,200 shares, a drop of 38.2% from the February 28th total of 6,800 shares. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen Core Equity Alpha Fund Stock Down 1.7 %

JCE traded down $0.25 during midday trading on Friday, reaching $14.44. 18,432 shares of the company’s stock were exchanged, compared to its average volume of 36,156. The business has a 50-day simple moving average of $15.44 and a two-hundred day simple moving average of $15.45. Nuveen Core Equity Alpha Fund has a one year low of $13.32 and a one year high of $16.58.

Nuveen Core Equity Alpha Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 8.86%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in 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 during the last quarter. Cetera Investment Advisers grew its holdings in shares of Nuveen Core Equity Alpha Fund by 35.1% during the fourth quarter. Cetera Investment Advisers now owns 25,876 shares of the company’s stock worth $411,000 after purchasing an additional 6,729 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Nuveen Core Equity Alpha Fund by 6.2% during the fourth quarter. NewEdge Advisors LLC now owns 27,161 shares of the company’s stock worth $432,000 after purchasing an additional 1,596 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Nuveen Core Equity Alpha Fund by 8.1% in the fourth quarter. Ameriprise Financial Inc. now owns 37,428 shares of the company’s stock valued at $595,000 after buying an additional 2,796 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Nuveen Core Equity Alpha Fund by 19.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 83,693 shares of the company’s stock worth $1,331,000 after buying an additional 13,550 shares in the last quarter.

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.