Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Update

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totalling 3,000 shares, a decrease of 42.3% from the February 27th total of 5,200 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 52,200 shares, the days-to-cover ratio is currently 0.1 days.

Several hedge funds have recently added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Nuveen Core Equity Alpha Fund by 5.6% in the fourth quarter. UBS Group AG now owns 32,871 shares of the company’s stock valued at $480,000 after purchasing an additional 1,731 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Nuveen Core Equity Alpha Fund by 10.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 51,871 shares of the company’s stock valued at $758,000 after purchasing an additional 5,054 shares during the last quarter. Advisor Group Inc. grew its position in shares of Nuveen Core Equity Alpha Fund by 10.0% in the fourth quarter. Advisor Group Inc. now owns 65,144 shares of the company’s stock valued at $953,000 after purchasing an additional 5,930 shares during the last quarter. Raymond James & Associates grew its position in shares of Nuveen Core Equity Alpha Fund by 3.0% in the fourth quarter. Raymond James & Associates now owns 325,451 shares of the company’s stock valued at $4,758,000 after purchasing an additional 9,458 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Nuveen Core Equity Alpha Fund in the fourth quarter valued at approximately $160,000.

Shares of JCE stock traded up $0.82 during trading hours on Thursday, hitting $11.26. The company’s stock had a trading volume of 63,700 shares, compared to its average volume of 64,181. The business has a fifty day moving average of $13.01 and a 200-day moving average of $14.12. Nuveen Core Equity Alpha Fund has a twelve month low of $8.05 and a twelve month high of $15.43.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.25 dividend. The ex-dividend date is Thursday, March 12th. This represents a $1.00 annualized dividend and a dividend yield of 8.88%.

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.

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