Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Short Interest Update

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 22,000 shares, a drop of 10.2% from the May 31st total of 24,500 shares. Based on an average daily volume of 162,900 shares, the short-interest ratio is presently 0.1 days.

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

Shares of Nuveen S&P 500 Buy-Write Income Fund stock traded up $0.10 during midday trading on Wednesday, hitting $13.67. 66,098 shares of the company were exchanged, compared to its average volume of 182,303. The firm has a 50 day simple moving average of $13.17 and a 200-day simple moving average of $13.04. Nuveen S&P 500 Buy-Write Income Fund has a 52 week low of $11.74 and a 52 week high of $13.75.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a dividend of $0.236 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date was Friday, June 14th.

Hedge Funds Weigh In On Nuveen S&P 500 Buy-Write Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BXMX. Invesco Ltd. raised its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 46.1% in the third quarter. Invesco Ltd. now owns 1,161,249 shares of the financial services provider’s stock worth $14,701,000 after acquiring an additional 366,246 shares during the last quarter. ARQ Wealth Advisors LLC acquired a new position in Nuveen S&P 500 Buy-Write Income Fund during the 3rd quarter worth $944,000. B. Riley Wealth Advisors Inc. boosted its position in Nuveen S&P 500 Buy-Write Income Fund by 4.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 125,755 shares of the financial services provider’s stock valued at $1,621,000 after buying an additional 5,767 shares during the last quarter. Patten Group Inc. increased its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 1.2% in the 4th quarter. Patten Group Inc. now owns 81,365 shares of the financial services provider’s stock valued at $1,044,000 after buying an additional 986 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 1,184.0% during the fourth quarter. International Assets Investment Management LLC now owns 459,873 shares of the financial services provider’s stock worth $5,900,000 after acquiring an additional 424,056 shares during the last quarter.

Nuveen S&P 500 Buy-Write Income Fund Company Profile

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.