Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Sees Significant Decline in Short Interest

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 17,500 shares, a decline of 51.3% from the October 15th total of 35,900 shares. Based on an average daily volume of 49,300 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance

SPXX opened at $14.41 on Friday. The business has a fifty day simple moving average of $14.58 and a 200 day simple moving average of $15.18. Nuveen S&P 500 Dynamic Overwrite Fund has a 1 year low of $13.57 and a 1 year high of $18.02.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a dividend of $0.294 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 8.16%.

Institutional Trading of Nuveen S&P 500 Dynamic Overwrite Fund

A number of institutional investors have recently modified their holdings of SPXX. Raymond James & Associates lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 18.1% during the 1st quarter. Raymond James & Associates now owns 44,645 shares of the investment management company’s stock valued at $802,000 after acquiring an additional 6,830 shares during the period. Bank of Montreal Can bought a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter valued at $190,000. UBS Group AG lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 4.6% during the 1st quarter. UBS Group AG now owns 316,029 shares of the investment management company’s stock valued at $5,679,000 after acquiring an additional 13,879 shares during the period. Guggenheim Capital LLC lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 328.9% during the 1st quarter. Guggenheim Capital LLC now owns 63,077 shares of the investment management company’s stock valued at $1,133,000 after acquiring an additional 48,372 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 145.8% during the 1st quarter. Advisors Asset Management Inc. now owns 141,236 shares of the investment management company’s stock worth $2,538,000 after buying an additional 83,766 shares during the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

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.