Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Shares Shorted: Short Interest Down 48.0% in September

by · The Markets Daily

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 104,559 shares, a decrease of 48.0% from the September 15th total of 201,045 shares. Based on an average daily volume of 236,078 shares, the days-to-cover ratio is presently 0.4 days.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.8%

Shares of Nuveen S&P 500 Dynamic Overwrite Fund stock traded down $0.16 during trading on Wednesday, hitting $18.74. The company’s stock had a trading volume of 24,548 shares, compared to its average volume of 201,130. The company has a fifty day simple moving average of $18.90 and a two-hundred day simple moving average of $18.23. Nuveen S&P 500 Dynamic Overwrite Fund has a 52 week low of $15.78 and a 52 week high of $19.39.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a $0.4215 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date was Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 6.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 31,940 shares of the investment management company’s stock valued at $591,000 after purchasing an additional 1,929 shares during the last quarter. Integrated Capital Management Inc. grew its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 62.7% in the 3rd quarter. Integrated Capital Management Inc. now owns 30,097 shares of the investment management company’s stock worth $556,000 after buying an additional 11,597 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 113.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 22,467 shares of the investment management company’s stock worth $415,000 after buying an additional 11,943 shares during the last quarter. Eastern Bank increased its position in Nuveen S&P 500 Dynamic Overwrite Fund by 32.2% during the 3rd quarter. Eastern Bank now owns 8,370 shares of the investment management company’s stock valued at $155,000 after buying an additional 2,039 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Nuveen S&P 500 Dynamic Overwrite Fund by 2.6% during the 2nd quarter. NewEdge Advisors LLC now owns 139,122 shares of the investment management company’s stock valued at $2,593,000 after buying an additional 3,460 shares in the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

(Get Free Report)

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end fund managed by Nuveen. The fund seeks to provide total return through a combination of current income and capital appreciation.

SPXX invests primarily in a portfolio of large-cap U.S. companies represented in the S&P 500 Index. To generate additional income and potentially manage portfolio risk, the fund uses a dynamic covered-call strategy, writing call options on some of its equity holdings or on related market indexes.

The fund provides investors with exposure to the U.S.

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