Nuveen Core Equity Alpha Fund (NYSE:JCE) Short Interest Up 64.1% in February

Nuveen Core Equity Alpha Fund (NYSE:JCE) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 22,963 shares, a growth of 64.1% from the January 29th total of 13,995 shares. Based on an average daily trading volume, of 37,219 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 37,219 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shaker Financial Services LLC raised its holdings in Nuveen Core Equity Alpha Fund by 3.8% during the fourth quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock worth $8,938,000 after purchasing an additional 20,479 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Nuveen Core Equity Alpha Fund by 2.7% in the 2nd quarter. Raymond James Financial Inc. now owns 522,261 shares of the company’s stock valued at $8,095,000 after buying an additional 13,942 shares in the last quarter. Invesco Ltd. grew its position in shares of Nuveen Core Equity Alpha Fund by 11.2% in the 4th quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock valued at $4,306,000 after buying an additional 27,289 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of Nuveen Core Equity Alpha Fund by 5.6% in the 4th quarter. Guggenheim Capital LLC now owns 268,892 shares of the company’s stock valued at $4,286,000 after buying an additional 14,280 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in Nuveen Core Equity Alpha Fund by 4.2% during the 4th 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 Up 0.3%

NYSE JCE traded up $0.05 during trading on Monday, reaching $15.90. 15,540 shares of the company’s stock were exchanged, compared to its average volume of 50,523. The company has a 50 day moving average price of $15.94 and a two-hundred day moving average price of $15.79. Nuveen Core Equity Alpha Fund has a 1 year low of $12.51 and a 1 year high of $16.31.

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.