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

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXXGet Rating) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 18,400 shares, a drop of 25.8% from the March 15th total of 24,800 shares. Based on an average daily volume of 54,000 shares, the short-interest ratio is currently 0.3 days.

A number of hedge funds have recently added to or reduced their stakes in SPXX. Confluence Wealth Services Inc. bought a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the 4th quarter valued at $42,000. Wolverine Asset Management LLC bought a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the 3rd quarter valued at $245,000. Sheaff Brock Investment Advisors LLC boosted its position in Nuveen S&P 500 Dynamic Overwrite Fund by 5.9% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 17,857 shares of the investment management company’s stock valued at $305,000 after buying an additional 1,000 shares during the last quarter. Bank of America Corp DE boosted its position in Nuveen S&P 500 Dynamic Overwrite Fund by 4.2% in the 2nd quarter. Bank of America Corp DE now owns 27,795 shares of the investment management company’s stock valued at $503,000 after buying an additional 1,110 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in Nuveen S&P 500 Dynamic Overwrite Fund by 7.6% in the 3rd quarter. Advisor Group Holdings Inc. now owns 32,538 shares of the investment management company’s stock valued at $556,000 after buying an additional 2,303 shares during the last quarter.

SPXX stock opened at $17.41 on Friday. The business has a fifty day moving average price of $17.37 and a 200 day moving average price of $17.71. Nuveen S&P 500 Dynamic Overwrite Fund has a fifty-two week low of $15.92 and a fifty-two week high of $19.34.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Tuesday, March 15th were issued a dividend of $0.294 per share. This represents a $1.18 dividend on an annualized basis and a yield of 6.75%. This is a boost from Nuveen S&P 500 Dynamic Overwrite Fund’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 14th.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile (Get Rating)

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.

Further Reading

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