Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Down 44.4% in December

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 9,129 shares, a decrease of 44.4% from the November 30th total of 16,431 shares. Based on an average trading volume of 34,549 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 34,549 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Nuveen Core Equity Alpha Fund

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its position in shares of Nuveen Core Equity Alpha Fund by 2.6% in the 3rd quarter. NewEdge Advisors LLC now owns 30,972 shares of the company’s stock worth $487,000 after buying an additional 790 shares during the period. Sowell Financial Services LLC raised its holdings in shares of Nuveen Core Equity Alpha Fund by 8.7% in the 2nd quarter. Sowell Financial Services LLC now owns 11,961 shares of the company’s stock worth $185,000 after purchasing an additional 954 shares during the period. Advisory Services Network LLC acquired a new position in shares of Nuveen Core Equity Alpha Fund in the 3rd quarter valued at about $27,000. Ameritas Advisory Services LLC purchased a new stake in shares of Nuveen Core Equity Alpha Fund during the 2nd quarter worth about $27,000. Finally, Ameriprise Financial Inc. increased its position in Nuveen Core Equity Alpha Fund by 5.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 44,807 shares of the company’s stock worth $705,000 after purchasing an additional 2,130 shares in the last quarter.

Nuveen Core Equity Alpha Fund Stock Down 0.5%

JCE traded down $0.09 during trading on Monday, reaching $16.00. 14,155 shares of the stock were exchanged, compared to its average volume of 32,800. Nuveen Core Equity Alpha Fund has a 1 year low of $12.51 and a 1 year high of $16.58. The business’s 50 day moving average price is $15.80 and its two-hundred day moving average price is $15.59.

Nuveen Core Equity Alpha Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 8.0%. The ex-dividend date is 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.