Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Short Interest Down 27.1% in July

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 130,100 shares, adropof27.1% from the July 15th total of 178,500 shares. Based on an average daily trading volume, of 47,900 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 47,900 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPXX. Bank of America Corp DE increased its position in Nuveen S&P 500 Dynamic Overwrite Fund by 22.5% during the second quarter. Bank of America Corp DE now owns 80,135 shares of the investment management company’s stock worth $1,422,000 after buying an additional 14,730 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 9.2% in the second quarter. Invesco Ltd. now owns 300,086 shares of the investment management company’s stock valued at $5,324,000 after purchasing an additional 25,257 shares during the period. Western Wealth Management LLC bought a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the second quarter worth $255,000. Allworth Financial LP lifted its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 1,331.1% during the second quarter. Allworth Financial LP now owns 19,205 shares of the investment management company’s stock worth $341,000 after purchasing an additional 17,863 shares during the last quarter. Finally, Shaker Financial Services LLC bought a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the 2nd quarter worth $1,272,000.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Up 1.1%

Nuveen S&P 500 Dynamic Overwrite Fund stock opened at $18.02 on Friday. The stock’s fifty day simple moving average is $17.77 and its 200-day simple moving average is $17.33. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $14.33 and a twelve month high of $18.52.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a $0.3375 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.35 annualized dividend and a yield of 7.5%.

About Nuveen S&P 500 Dynamic Overwrite Fund

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.