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 recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 38,830 shares, an increase 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 presently 0.3 days.

Nuveen S&P 500 Buy-Write Income Fund Trading Down 2.1%

Shares of BXMX opened at $13.26 on Friday. Nuveen S&P 500 Buy-Write Income Fund has a 12-month low of $11.25 and a 12-month high of $15.00. The stock has a 50-day moving average price of $14.46 and a 200-day moving average price of $14.42.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders 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 yield of 8.2%.

Hedge Funds Weigh In On Nuveen S&P 500 Buy-Write Income Fund

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

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

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.