Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Rises By 209.1%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 27,200 shares, an increase of 209.1% from the June 30th total of 8,800 shares. Based on an average trading volume of 169,300 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Nuveen S&P 500 Buy-Write Income Fund

Hedge funds have recently modified their holdings of the stock. Stonebrook Private Inc. purchased a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter worth about $441,000. Allspring Global Investments Holdings LLC bought a new stake in Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter worth approximately $4,192,000. HTLF Bank purchased a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter worth approximately $937,000. Tyche Wealth Partners LLC bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter valued at approximately $396,000. Finally, Prosperity Wealth Management Inc. grew its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 3.6% in the fourth quarter. Prosperity Wealth Management Inc. now owns 112,322 shares of the financial services provider’s stock valued at $1,441,000 after purchasing an additional 3,946 shares in the last quarter.

Nuveen S&P 500 Buy-Write Income Fund Stock Up 0.7 %

BXMX traded up $0.09 on Friday, hitting $13.17. 142,137 shares of the company’s stock traded hands, compared to its average volume of 183,154. The company’s 50 day simple moving average is $13.36 and its 200-day simple moving average is $13.13. Nuveen S&P 500 Buy-Write Income Fund has a one year low of $11.74 and a one year high of $13.74.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a dividend of $0.236 per share. This represents a $0.94 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Friday, June 14th.

About Nuveen S&P 500 Buy-Write Income Fund

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.