Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Expands By 133.1%

by · The Cerbat Gem

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 60,178 shares, an increase of 133.1% from the December 15th total of 25,816 shares. Based on an average trading volume of 179,347 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 179,347 shares, the short-interest ratio is currently 0.3 days.

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

Shares of BXMX traded down $0.06 during trading hours on Wednesday, hitting $14.74. The company had a trading volume of 20,555 shares, compared to its average volume of 151,556. The firm has a fifty day moving average price of $14.43 and a 200-day moving average price of $14.27. Nuveen S&P 500 Buy-Write Income Fund has a 52-week low of $11.25 and a 52-week high of $14.84.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Monday, December 15th.

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 the company. World Equity Group Inc. lifted its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 2.8% during the third quarter. World Equity Group Inc. now owns 27,500 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 750 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Nuveen S&P 500 Buy-Write Income Fund by 37.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 3,400 shares of the financial services provider’s stock worth $50,000 after buying an additional 932 shares in the last quarter. Farther Finance Advisors LLC raised its position in Nuveen S&P 500 Buy-Write Income Fund by 34.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,826 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,226 shares during the last quarter. Commons Capital LLC lifted its stake in Nuveen S&P 500 Buy-Write Income Fund by 6.9% during the 4th quarter. Commons Capital LLC now owns 19,363 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 1,244 shares during the period. Finally, Kovack Advisors Inc. lifted its stake in Nuveen S&P 500 Buy-Write Income Fund by 10.2% during the 3rd quarter. Kovack Advisors Inc. now owns 14,078 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 1,300 shares during the period.

About Nuveen S&P 500 Buy-Write Income Fund

(Get Free Report)

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.

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