Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Sees Significant Increase in Short Interest

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 25,600 shares, an increase of 20.8% from the November 15th total of 21,200 shares. Based on an average trading volume of 154,500 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen S&P 500 Buy-Write Income Fund Price Performance

Shares of BXMX traded up $0.03 during mid-day trading on Friday, reaching $13.91. 159,822 shares of the company were exchanged, compared to its average volume of 176,446. The business has a 50 day simple moving average of $13.87 and a two-hundred day simple moving average of $13.53. Nuveen S&P 500 Buy-Write Income Fund has a 52 week low of $12.45 and a 52 week high of $14.30.

Nuveen S&P 500 Buy-Write Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On Nuveen S&P 500 Buy-Write Income Fund

Several large investors have recently modified their holdings of BXMX. Lindbrook Capital LLC increased its holdings in Nuveen S&P 500 Buy-Write Income Fund by 45.5% in the third quarter. Lindbrook Capital LLC now owns 689,638 shares of the financial services provider’s stock worth $9,462,000 after purchasing an additional 215,808 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 110.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 675,344 shares of the financial services provider’s stock valued at $9,266,000 after acquiring an additional 354,431 shares in the last quarter. Raymond James & Associates lifted its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 1.3% during the 3rd quarter. Raymond James & Associates now owns 610,760 shares of the financial services provider’s stock valued at $8,380,000 after acquiring an additional 7,661 shares during the period. Envestnet Asset Management Inc. boosted its stake in Nuveen S&P 500 Buy-Write Income Fund by 210.6% during the second quarter. Envestnet Asset Management Inc. now owns 537,514 shares of the financial services provider’s stock worth $7,256,000 after acquiring an additional 364,454 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Nuveen S&P 500 Buy-Write Income Fund by 1,303.5% in the third quarter. International Assets Investment Management LLC now owns 488,892 shares of the financial services provider’s stock worth $6,708,000 after purchasing an additional 454,058 shares during the period.

Nuveen S&P 500 Buy-Write Income Fund Company Profile

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