Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Short Interest Up 81.9% in March

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 38,830 shares, a growth of 81.9% from the February 26th total of 21,343 shares. Based on an average trading volume of 147,513 shares, the short-interest ratio is currently 0.3 days.

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

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter valued at $27,000. Colonial Trust Advisors acquired a new position in Nuveen S&P 500 Buy-Write Income Fund during the 2nd quarter valued at about $31,000. Arax Advisory Partners increased its stake in Nuveen S&P 500 Buy-Write Income Fund by 800.0% during the 4th quarter. Arax Advisory Partners now owns 2,250 shares of the financial services provider’s stock valued at $33,000 after buying an additional 2,000 shares during the period. Harbor Investment Advisory LLC raised its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 37.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 3,400 shares of the financial services provider’s stock worth $50,000 after buying an additional 932 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter worth about $68,000.

Nuveen S&P 500 Buy-Write Income Fund Trading Down 1.4%

Shares of Nuveen S&P 500 Buy-Write Income Fund stock opened at $13.57 on Friday. The business’s 50 day simple moving average is $14.49 and its 200-day simple moving average is $14.43. Nuveen S&P 500 Buy-Write Income Fund has a twelve month low of $11.25 and a twelve month high of $15.00.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.2725 per share. The ex-dividend date is Friday, March 13th. This represents a $1.09 annualized dividend and a dividend yield of 8.0%.

About Nuveen S&P 500 Buy-Write Income Fund

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.