Short Interest in Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Expands By 20.2%

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 87,400 shares, an increase of 20.2% from the January 15th total of 72,700 shares. Based on an average trading volume of 39,600 shares, the days-to-cover ratio is currently 2.2 days.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance

NYSE SPXX traded up $0.10 during trading hours on Monday, reaching $18.34. The company’s stock had a trading volume of 84,822 shares, compared to its average volume of 53,041. The business has a 50-day simple moving average of $17.72 and a 200 day simple moving average of $17.08. Nuveen S&P 500 Dynamic Overwrite Fund has a 52 week low of $14.91 and a 52 week high of $18.38.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.3375 per share. The ex-dividend date was Friday, December 13th. This represents a $1.35 dividend on an annualized basis and a yield of 7.36%.

Institutional Investors Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 29,533.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,778 shares of the investment management company’s stock worth $32,000 after buying an additional 1,772 shares in the last quarter. Larson Financial Group LLC acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the 3rd quarter valued at about $30,000. South Plains Financial Inc. bought a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 4th quarter worth about $44,000. Aptus Capital Advisors LLC acquired a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the 4th quarter worth approximately $188,000. Finally, Prospera Financial Services Inc boosted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 7.7% in the third quarter. Prospera Financial Services Inc now owns 15,850 shares of the investment management company’s stock valued at $266,000 after acquiring an additional 1,138 shares in the last quarter.

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.