Nuveen Core Equity Alpha Fund (NYSE:JCE) Sees Large Decrease in Short Interest

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

Nuveen Core Equity Alpha Fund Price Performance

NYSE JCE traded up $0.02 on Friday, reaching $16.06. The stock had a trading volume of 16,053 shares, compared to its average volume of 32,876. Nuveen Core Equity Alpha Fund has a 12-month low of $12.51 and a 12-month high of $16.58. The business’s 50-day moving average price is $15.80 and its 200 day moving average price is $15.59.

Nuveen Core Equity Alpha Fund Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in Nuveen Core Equity Alpha Fund during the 2nd quarter worth approximately $27,000. Advisory Services Network LLC purchased a new stake in shares of Nuveen Core Equity Alpha Fund in the third quarter valued at approximately $27,000. Calamos Advisors LLC acquired a new position in Nuveen Core Equity Alpha Fund during the second quarter worth $166,000. Sowell Financial Services LLC raised its position in Nuveen Core Equity Alpha Fund by 8.7% in the second quarter. Sowell Financial Services LLC now owns 11,961 shares of the company’s stock worth $185,000 after acquiring an additional 954 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Nuveen Core Equity Alpha Fund by 3.9% in the first quarter. NewEdge Advisors LLC now owns 28,230 shares of the company’s stock valued at $412,000 after acquiring an additional 1,069 shares during the period.

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.