Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Declines By 10.2%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 22,000 shares, a decrease of 10.2% from the May 31st total of 24,500 shares. Based on an average daily volume of 162,900 shares, the days-to-cover ratio is currently 0.1 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prosperity Wealth Management Inc. boosted its stake in Nuveen S&P 500 Buy-Write Income Fund by 3.6% in the 4th quarter. Prosperity Wealth Management Inc. now owns 112,322 shares of the financial services provider’s stock worth $1,441,000 after purchasing an additional 3,946 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter worth approximately $194,000. International Assets Investment Management LLC grew its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 1,184.0% during the fourth quarter. International Assets Investment Management LLC now owns 459,873 shares of the financial services provider’s stock valued at $5,900,000 after buying an additional 424,056 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter valued at approximately $25,000. Finally, CTC Alternative Strategies Ltd. purchased a new position in Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter worth approximately $138,000.

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

BXMX traded up $0.10 on Wednesday, hitting $13.67. The company had a trading volume of 66,098 shares, compared to its average volume of 182,303. The stock has a fifty day simple moving average of $13.17 and a 200-day simple moving average of $13.04. Nuveen S&P 500 Buy-Write Income Fund has a 52-week low of $11.74 and a 52-week high of $13.75.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.236 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date was Friday, June 14th.

About Nuveen S&P 500 Buy-Write Income Fund

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.