Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Sees Significant Growth in Short Interest

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 98,600 shares, a growth of 51.7% from the December 15th total of 65,000 shares. Based on an average trading volume of 161,900 shares, the short-interest ratio is currently 0.6 days.

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

Shares of Nuveen S&P 500 Buy-Write Income Fund stock traded up $0.14 during midday trading on Friday, hitting $14.01. The company had a trading volume of 91,586 shares, compared to its average volume of 203,008. The company has a fifty day simple moving average of $13.93 and a 200 day simple moving average of $13.64. Nuveen S&P 500 Buy-Write Income Fund has a 12-month low of $12.45 and a 12-month high of $14.30.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.2725 per share. The ex-dividend date was Friday, December 13th. This represents a $1.09 dividend on an annualized basis and a yield of 7.78%.

Institutional Investors Weigh In On Nuveen S&P 500 Buy-Write Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in BXMX. Envestnet Asset Management Inc. raised its stake in Nuveen S&P 500 Buy-Write Income Fund by 210.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 537,514 shares of the financial services provider’s stock worth $7,256,000 after acquiring an additional 364,454 shares during the last quarter. TPG Advisors LLC purchased a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the second quarter worth about $1,942,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 4.9% in the second quarter. B. Riley Wealth Advisors Inc. now owns 131,877 shares of the financial services provider’s stock worth $1,811,000 after purchasing an additional 6,122 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 2.0% during the second quarter. Cetera Investment Advisers now owns 105,196 shares of the financial services provider’s stock worth $1,420,000 after purchasing an additional 2,037 shares during the period. Finally, PVG Asset Management Corp purchased a new stake in Nuveen S&P 500 Buy-Write Income Fund in the second quarter valued at approximately $1,531,000.

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

Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.