Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Short Interest Update

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 249,300 shares, a growth of 99.1% from the February 13th total of 125,200 shares. Based on an average trading volume of 54,000 shares, the days-to-cover ratio is currently 4.6 days.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.7 %

Shares of SPXX stock opened at $16.87 on Friday. The stock has a fifty day moving average of $17.87 and a 200 day moving average of $17.32. Nuveen S&P 500 Dynamic Overwrite Fund has a 52 week low of $14.91 and a 52 week high of $18.52.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPXX. Larson Financial Group LLC purchased a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the third quarter valued at $30,000. JPMorgan Chase & Co. increased its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 29,533.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,778 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,772 shares in the last quarter. South Plains Financial Inc. bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the fourth quarter valued at $44,000. Aptus Capital Advisors LLC bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the fourth quarter valued at $188,000. Finally, Prospera Financial Services Inc increased its holdings 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 valued at $266,000 after acquiring an additional 1,138 shares in the last quarter.

About Nuveen S&P 500 Dynamic Overwrite Fund

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.