Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Up 28.4% in January

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient 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 trading volume of 37,152 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 37,152 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Several institutional investors have recently modified their holdings of JCE. Spire Wealth Management raised its position in shares of Nuveen Core Equity Alpha Fund by 1.5% in the 4th quarter. Spire Wealth Management now owns 51,574 shares of the company’s stock valued at $822,000 after acquiring an additional 754 shares during the period. NewEdge Advisors LLC increased its stake in Nuveen Core Equity Alpha Fund by 2.6% in the third quarter. NewEdge Advisors LLC now owns 30,972 shares of the company’s stock valued at $487,000 after purchasing an additional 790 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Nuveen Core Equity Alpha Fund by 1.9% in the fourth quarter. International Assets Investment Management LLC now owns 53,002 shares of the company’s stock worth $845,000 after purchasing an additional 1,011 shares during the period. Advisory Services Network LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the third quarter worth $27,000. Finally, Royal Bank of Canada grew its holdings in shares of Nuveen Core Equity Alpha Fund by 5.8% in the 4th quarter. Royal Bank of Canada now owns 32,396 shares of the company’s stock valued at $516,000 after buying an additional 1,762 shares during the period.

Nuveen Core Equity Alpha Fund Stock Performance

Shares of Nuveen Core Equity Alpha Fund stock traded up $0.01 on Tuesday, hitting $15.72. 41,630 shares of the company’s stock traded hands, compared to its average volume of 56,440. The firm’s 50-day moving average price is $15.93 and its two-hundred day moving average price is $15.77. Nuveen Core Equity Alpha Fund has a one year low of $12.51 and a one year high of $16.58.

Nuveen Core Equity Alpha Fund Dividend Announcement

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

Nuveen Core Equity Alpha Fund Company Profile

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.