Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Short Interest Update

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 49,685 shares, a decrease of 14.8% from the January 15th total of 58,343 shares. Based on an average trading volume of 153,073 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 153,073 shares, the short-interest ratio is presently 0.3 days.

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

Shares of Nuveen S&P 500 Buy-Write Income Fund stock opened at $14.71 on Monday. Nuveen S&P 500 Buy-Write Income Fund has a 52 week low of $11.25 and a 52 week high of $15.00. The business has a 50 day moving average price of $14.62 and a 200-day moving average price of $14.40.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.2725 per share. The ex-dividend date was Monday, December 15th. This represents a $1.09 annualized dividend and a yield of 7.4%.

Institutional Trading of Nuveen S&P 500 Buy-Write Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in BXMX. Northwestern Mutual Wealth Management Co. increased its holdings in Nuveen S&P 500 Buy-Write Income Fund by 3.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 47,387 shares of the financial services provider’s stock worth $658,000 after buying an additional 1,448 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 8.2% during the 2nd quarter. Guggenheim Capital LLC now owns 723,627 shares of the financial services provider’s stock valued at $10,044,000 after acquiring an additional 54,659 shares during the period. Colonial Trust Advisors purchased a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the 2nd quarter worth approximately $31,000. Richmond Investment Services LLC raised its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 95.7% in the 2nd quarter. Richmond Investment Services LLC now owns 114,171 shares of the financial services provider’s stock worth $1,585,000 after purchasing an additional 55,841 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in Nuveen S&P 500 Buy-Write Income Fund by 18.2% in the second quarter. Advisors Asset Management Inc. now owns 927,730 shares of the financial services provider’s stock valued at $12,877,000 after purchasing an additional 142,751 shares during the last quarter.

Nuveen S&P 500 Buy-Write Income Fund Company Profile

Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX) is a closed-end management investment company that seeks to provide investors with a combination of current income and capital appreciation. The fund primarily invests in a diversified portfolio of common stocks included in the S&P 500 Index. To supplement dividend income and potentially enhance total return, the fund employs a covered call option strategy, writing call options on either the S&P 500 Index or selected individual holdings.

Under its buy-write approach, the fund purchases underlying equity securities and sells call options on those securities or on a broad market index.