Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Short Interest Up 81.9% in March

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a significant 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 daily volume of 147,513 shares, the short-interest ratio is presently 0.3 days.

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

NYSE:BXMX traded down $0.28 during trading hours on Friday, hitting $13.26. 133,600 shares of the stock were exchanged, compared to its average volume of 144,758. The company’s 50 day moving average is $14.46 and its two-hundred day moving average is $14.42. Nuveen S&P 500 Buy-Write Income Fund has a twelve month low of $11.25 and a twelve month high of $15.00.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BXMX. Sound Income Strategies LLC acquired a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter worth approximately $27,000. Colonial Trust Advisors bought a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the second quarter worth approximately $31,000. Arax Advisory Partners lifted its holdings 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 valued at $33,000 after buying an additional 2,000 shares during the period. Harbor Investment Advisory LLC boosted 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 approximately $68,000.

About Nuveen S&P 500 Buy-Write Income Fund

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.