Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Short Interest Down 14.8% in January

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 49,685 shares, a drop of 14.8% from the January 15th total of 58,343 shares. Based on an average trading volume of 153,073 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 153,073 shares, the days-to-cover ratio is presently 0.3 days.

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

NYSE:BXMX traded up $0.02 during trading hours on Wednesday, reaching $14.65. 266,056 shares of the company were exchanged, compared to its average volume of 158,826. The business has a 50 day moving average of $14.62 and a 200 day moving average of $14.41. Nuveen S&P 500 Buy-Write Income Fund has a 1-year low of $11.25 and a 1-year high of $15.00.

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

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

Institutional Trading of Nuveen S&P 500 Buy-Write Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley raised its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 2.0% during the 4th quarter. Morgan Stanley now owns 12,037,265 shares of the financial services provider’s stock worth $176,948,000 after buying an additional 236,500 shares in the last quarter. Invesco Ltd. increased its position in Nuveen S&P 500 Buy-Write Income Fund by 1.6% during the 3rd quarter. Invesco Ltd. now owns 1,531,461 shares of the financial services provider’s stock worth $22,114,000 after purchasing an additional 23,954 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Nuveen S&P 500 Buy-Write Income Fund by 10.0% in the fourth quarter. Advisors Asset Management Inc. now owns 1,306,523 shares of the financial services provider’s stock valued at $19,206,000 after buying an additional 118,723 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 5.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,057,645 shares of the financial services provider’s stock valued at $15,547,000 after acquiring an additional 53,370 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Nuveen S&P 500 Buy-Write Income Fund by 3.6% in the 3rd quarter. Raymond James Financial Inc. now owns 986,041 shares of the financial services provider’s stock worth $14,238,000 after purchasing an additional 34,632 shares in the last quarter.

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.