Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Declines By 10.2%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 22,000 shares, a decline of 10.2% from the May 31st total of 24,500 shares. Based on an average daily volume of 162,900 shares, the days-to-cover ratio is currently 0.1 days.

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

NYSE BXMX traded up $0.11 on Wednesday, reaching $13.67. The stock had a trading volume of 66,930 shares, compared to its average volume of 182,303. The firm has a fifty day moving average of $13.17 and a two-hundred day moving average of $13.04. Nuveen S&P 500 Buy-Write Income Fund has a 1-year low of $11.74 and a 1-year high of $13.75.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a $0.236 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.94 annualized dividend and a dividend yield of 6.91%.

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

A number of hedge funds have recently bought and sold shares of BXMX. Cetera Advisors LLC grew its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 57.1% during the 1st quarter. Cetera Advisors LLC now owns 22,637 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 8,230 shares in the last quarter. Global Financial Private Client LLC acquired a new stake in Nuveen S&P 500 Buy-Write Income Fund during the first quarter worth about $33,000. Kraft Davis & Associates LLC bought a new position in Nuveen S&P 500 Buy-Write Income Fund in the 1st quarter valued at about $243,000. Advisors Asset Management Inc. raised its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 131.1% in the 1st quarter. Advisors Asset Management Inc. now owns 180,917 shares of the financial services provider’s stock valued at $2,394,000 after buying an additional 102,621 shares in the last quarter. Finally, Cornerstone Advisors LLC raised its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 37.0% in the 1st quarter. Cornerstone Advisors LLC now owns 1,017,567 shares of the financial services provider’s stock valued at $13,462,000 after buying an additional 274,634 shares in the last quarter.

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.