Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Increases By 20.8%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 25,600 shares, a growth of 20.8% from the November 15th total of 21,200 shares. Based on an average trading volume of 154,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Nuveen S&P 500 Buy-Write Income Fund

Several hedge funds have recently bought and sold shares of BXMX. Lindbrook Capital LLC lifted its holdings in Nuveen S&P 500 Buy-Write Income Fund by 45.5% during the 3rd quarter. Lindbrook Capital LLC now owns 689,638 shares of the financial services provider’s stock valued at $9,462,000 after purchasing an additional 215,808 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 110.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 675,344 shares of the financial services provider’s stock valued at $9,266,000 after purchasing an additional 354,431 shares during the last quarter. Raymond James & Associates raised its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 1.3% in the third quarter. Raymond James & Associates now owns 610,760 shares of the financial services provider’s stock valued at $8,380,000 after purchasing an additional 7,661 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 210.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 537,514 shares of the financial services provider’s stock worth $7,256,000 after buying an additional 364,454 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 1,303.5% during the 3rd quarter. International Assets Investment Management LLC now owns 488,892 shares of the financial services provider’s stock worth $6,708,000 after buying an additional 454,058 shares during the period.

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

Shares of BXMX stock opened at $13.91 on Monday. Nuveen S&P 500 Buy-Write Income Fund has a 12 month low of $12.45 and a 12 month high of $14.30. The company’s fifty day simple moving average is $13.87 and its 200-day simple moving average is $13.54.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date is Friday, December 13th.

About Nuveen S&P 500 Buy-Write Income Fund

Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.