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

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 23,700 shares, a growth of 70.5% from the August 31st total of 13,900 shares. Based on an average daily volume of 192,200 shares, the short-interest ratio is presently 0.1 days.

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

Several institutional investors have recently bought and sold shares of BXMX. Farmers & Merchants Investments Inc. acquired a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the 2nd quarter worth $25,000. Hazlett Burt & Watson Inc. grew its holdings in Nuveen S&P 500 Buy-Write Income Fund by 26.1% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 9,574 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,980 shares during the last quarter. LifeSteps Financial Inc. purchased a new position in Nuveen S&P 500 Buy-Write Income Fund during the first quarter worth $26,000. Cetera Investment Advisers boosted its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 2.0% during the second quarter. Cetera Investment Advisers now owns 105,196 shares of the financial services provider’s stock valued at $1,420,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Global Financial Private Client LLC purchased a new stake in Nuveen S&P 500 Buy-Write Income Fund during the 1st quarter worth about $33,000.

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

Shares of NYSE BXMX traded up $0.02 during mid-day trading on Friday, reaching $13.58. The company had a trading volume of 125,789 shares, compared to its average volume of 184,864. The firm has a 50 day simple moving average of $13.31 and a two-hundred day simple moving average of $13.21. Nuveen S&P 500 Buy-Write Income Fund has a 52-week low of $11.74 and a 52-week high of $13.74.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.2365 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 6.97%. This is a positive change from Nuveen S&P 500 Buy-Write Income Fund’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 13th.

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.