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

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 60,178 shares, a growth of 133.1% from the December 15th total of 25,816 shares. Based on an average daily trading volume, of 179,347 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 179,347 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen S&P 500 Buy-Write Income Fund Trading Down 0.1%

Shares of BXMX stock traded down $0.02 on Friday, hitting $14.65. The company had a trading volume of 57,600 shares, compared to its average volume of 148,424. Nuveen S&P 500 Buy-Write Income Fund has a twelve month low of $11.25 and a twelve month high of $14.84. The stock’s 50-day moving average is $14.44 and its two-hundred day moving average is $14.28.

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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbour Investments Inc. acquired a new position in Nuveen S&P 500 Buy-Write Income Fund during the second quarter worth $25,000. Colonial Trust Advisors bought a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the second quarter worth about $31,000. Signaturefd LLC bought a new position in Nuveen S&P 500 Buy-Write Income Fund in the 2nd quarter valued at about $35,000. Pinnacle Bancorp Inc. bought a new position in Nuveen S&P 500 Buy-Write Income Fund in the 2nd quarter valued at about $40,000. Finally, Ameritas Advisory Services LLC acquired a new position in Nuveen S&P 500 Buy-Write Income Fund during the 2nd quarter valued at about $43,000.

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.