Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Short Interest Update

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 249,300 shares, a growth of 99.1% from the February 13th total of 125,200 shares. Based on an average daily trading volume, of 54,000 shares, the days-to-cover ratio is currently 4.6 days.

Nuveen S&P 500 Dynamic Overwrite Fund Trading Down 0.7 %

NYSE SPXX opened at $16.87 on Friday. The stock has a 50-day moving average of $17.87 and a 200 day moving average of $17.32. Nuveen S&P 500 Dynamic Overwrite Fund has a one year low of $14.91 and a one year high of $18.52.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.3375 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 8.00%.

Institutional Investors Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

A number of large investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 25.4% during the 4th quarter. Cetera Investment Advisers now owns 20,637 shares of the investment management company’s stock valued at $366,000 after buying an additional 4,176 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 4th quarter valued at about $188,000. South Plains Financial Inc. purchased a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 4th quarter valued at about $44,000. Shaker Financial Services LLC lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 3.2% during the 4th quarter. Shaker Financial Services LLC now owns 245,444 shares of the investment management company’s stock valued at $4,357,000 after buying an additional 7,711 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 3.8% during the 4th quarter. Guggenheim Capital LLC now owns 298,075 shares of the investment management company’s stock valued at $5,291,000 after buying an additional 11,013 shares in 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.