Short Interest in Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Expands By 80.7%

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 48,600 shares, an increase of 80.7% from the December 15th total of 26,900 shares. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is presently 1.5 days.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

Nuveen S&P 500 Dynamic Overwrite Fund stock opened at $17.69 on Friday. Nuveen S&P 500 Dynamic Overwrite Fund has a fifty-two week low of $14.81 and a fifty-two week high of $18.00. The stock’s fifty day moving average is $17.47 and its two-hundred day moving average is $16.83.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.3375 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.35 annualized dividend and a yield of 7.63%.

Institutional Trading of Nuveen S&P 500 Dynamic Overwrite Fund

Several large investors have recently modified their holdings of SPXX. Larson Financial Group LLC purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund during the 3rd quarter worth about $30,000. Prospera Financial Services Inc boosted its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 7.7% during the 3rd quarter. Prospera Financial Services Inc now owns 15,850 shares of the investment management company’s stock worth $266,000 after purchasing an additional 1,138 shares during the last quarter. Tyche Wealth Partners LLC grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 6.6% during the third quarter. Tyche Wealth Partners LLC now owns 44,681 shares of the investment management company’s stock worth $750,000 after buying an additional 2,772 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 1.7% in the third quarter. Private Advisor Group LLC now owns 47,783 shares of the investment management company’s stock valued at $802,000 after buying an additional 807 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 10.3% during the third quarter. Advisors Asset Management Inc. now owns 63,701 shares of the investment management company’s stock valued at $1,069,000 after buying an additional 5,946 shares during the period.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

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