Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Sees Large Growth in Short Interest

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 48,600 shares, a growth of 80.7% from the December 15th total of 26,900 shares. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is currently 1.5 days.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

SPXX stock traded up $0.16 during trading on Friday, reaching $17.81. 19,483 shares of the stock were exchanged, compared to its average volume of 37,344. The business has a 50 day moving average price of $17.47 and a 200-day moving average price of $16.83. Nuveen S&P 500 Dynamic Overwrite Fund has a 1 year low of $14.87 and a 1 year high of $18.00.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

A number of institutional investors have recently modified their holdings of SPXX. Private Advisor Group LLC boosted its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 1.7% in the third quarter. Private Advisor Group LLC now owns 47,783 shares of the investment management company’s stock valued at $802,000 after purchasing an additional 807 shares during the period. Tyche Wealth Partners LLC increased its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 6.6% during the 3rd quarter. Tyche Wealth Partners LLC now owns 44,681 shares of the investment management company’s stock worth $750,000 after purchasing an additional 2,772 shares during the period. Shaker Financial Services LLC increased its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 6.4% during the third quarter. Shaker Financial Services LLC now owns 237,733 shares of the investment management company’s stock worth $4,054,000 after buying an additional 14,369 shares during the period. Prospera Financial Services Inc increased its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 7.7% during the third quarter. Prospera Financial Services Inc now owns 15,850 shares of the investment management company’s stock worth $266,000 after buying an additional 1,138 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 10.3% during the third quarter. Advisors Asset Management Inc. now owns 63,701 shares of the investment management company’s stock worth $1,069,000 after buying an additional 5,946 shares during the period.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

Nuveen S&P 500 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.