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 in July. As of July 15th, there was short interest totalling 27,200 shares, a growth of 209.1% from the June 30th total of 8,800 shares. Based on an average daily trading volume, of 169,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BOK Financial Private Wealth Inc. purchased a new position in Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter valued at about $25,000. LifeSteps Financial Inc. purchased a new position in Nuveen S&P 500 Buy-Write Income Fund in the first quarter valued at about $26,000. Global Financial Private Client LLC purchased a new position in Nuveen S&P 500 Buy-Write Income Fund in the first quarter valued at about $33,000. Blue Bell Private Wealth Management LLC purchased a new position in Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter valued at about $47,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 26.1% in the first quarter. Hazlett Burt & Watson Inc. now owns 9,574 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,980 shares during the last quarter.

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

Shares of BXMX stock traded up $0.09 on Friday, reaching $13.17. 142,137 shares of the company’s stock traded hands, compared to its average volume of 183,154. Nuveen S&P 500 Buy-Write Income Fund has a 12-month low of $11.74 and a 12-month high of $13.74. The business’s 50 day moving average price is $13.36 and its two-hundred day moving average price is $13.13.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a dividend of $0.236 per share. The ex-dividend date was Friday, June 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.17%.

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.