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

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 98,600 shares, an increase of 51.7% from the December 15th total of 65,000 shares. Based on an average daily trading volume, of 161,900 shares, the short-interest ratio is currently 0.6 days.

Nuveen S&P 500 Buy-Write Income Fund Trading Up 1.0 %

Shares of NYSE:BXMX traded up $0.14 on Friday, reaching $14.01. The company had a trading volume of 91,586 shares, compared to its average volume of 203,008. Nuveen S&P 500 Buy-Write Income Fund has a 52-week low of $12.45 and a 52-week high of $14.30. The firm’s 50 day simple moving average is $13.93 and its 200-day simple moving average is $13.64.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2725 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.09 annualized dividend and a yield of 7.78%.

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

Large investors have recently added to or reduced their stakes in the company. Bangor Savings Bank purchased a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter worth approximately $27,000. Matrix Trust Co acquired a new stake in Nuveen S&P 500 Buy-Write Income Fund in the third quarter valued at approximately $69,000. CWM LLC grew its holdings in Nuveen S&P 500 Buy-Write Income Fund by 581.3% in the third quarter. CWM LLC now owns 6,663 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 5,685 shares during the last quarter. Clarity Wealth Advisors LLC purchased a new position in Nuveen S&P 500 Buy-Write Income Fund in the third quarter worth $182,000. Finally, Integrated Capital Management Inc. increased its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 7.5% during the third quarter. Integrated Capital Management Inc. now owns 20,931 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 1,466 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.