Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Down 40.7% in February

Nuveen Core Equity Alpha Fund (NYSE:JCE) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 13,620 shares, a decrease of 40.7% from the February 12th total of 22,963 shares. Based on an average trading volume of 33,105 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 33,105 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Shaker Financial Services LLC increased its position in shares of Nuveen Core Equity Alpha Fund by 3.8% in the 4th quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock valued at $8,938,000 after buying an additional 20,479 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Nuveen Core Equity Alpha Fund by 2.7% during the second quarter. Raymond James Financial Inc. now owns 522,261 shares of the company’s stock worth $8,095,000 after acquiring an additional 13,942 shares in the last quarter. Invesco Ltd. grew its stake in Nuveen Core Equity Alpha Fund by 11.2% in the fourth quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock valued at $4,306,000 after acquiring an additional 27,289 shares during the period. Guggenheim Capital LLC grew its stake in Nuveen Core Equity Alpha Fund by 5.6% in the fourth quarter. Guggenheim Capital LLC now owns 268,892 shares of the company’s stock valued at $4,286,000 after acquiring an additional 14,280 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Nuveen Core Equity Alpha Fund by 4.2% in the fourth quarter. Osaic Holdings Inc. now owns 181,869 shares of the company’s stock worth $2,899,000 after acquiring an additional 7,322 shares in the last quarter.

Nuveen Core Equity Alpha Fund Stock Performance

Shares of NYSE:JCE traded down $0.37 during mid-day trading on Friday, reaching $14.88. The stock had a trading volume of 33,075 shares, compared to its average volume of 48,459. The firm has a 50 day simple moving average of $15.85 and a two-hundred day simple moving average of $15.78. Nuveen Core Equity Alpha Fund has a twelve month low of $12.51 and a twelve month high of $16.31.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 9.1%. This is a boost from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 13th.

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.