Nuveen Core Equity Alpha Fund (NYSE:JCE) Sees Significant Increase in Short Interest

Nuveen Core Equity Alpha Fund (NYSE:JCEGet Rating) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 14,800 shares, a growth of 18.4% from the June 30th total of 12,500 shares. Based on an average daily volume of 57,500 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Core Equity Alpha Fund Trading Down 0.6 %

Shares of JCE stock opened at $15.05 on Friday. Nuveen Core Equity Alpha Fund has a fifty-two week low of $12.55 and a fifty-two week high of $18.60. The stock has a 50 day moving average price of $13.98 and a two-hundred day moving average price of $15.12.

Nuveen Core Equity Alpha Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were issued a dividend of $0.395 per share. The ex-dividend date was Tuesday, June 14th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 10.50%.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in JCE. FNY Investment Advisers LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the first quarter valued at approximately $52,000. David J Yvars Group bought a new position in shares of Nuveen Core Equity Alpha Fund during the second quarter valued at approximately $147,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Nuveen Core Equity Alpha Fund by 21.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 8,600 shares of the company’s stock valued at $151,000 after acquiring an additional 1,500 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the second quarter valued at approximately $159,000. Finally, Wolverine Asset Management LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the second quarter valued at approximately $290,000.

About Nuveen Core Equity Alpha Fund

(Get Rating)

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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