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

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 trading volume of 33,200 shares, the short-interest ratio is currently 1.5 days.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.1 %

Shares of NYSE SPXX opened at $17.25 on Wednesday. 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 firm’s 50-day simple moving average is $17.46 and its 200 day simple moving average is $16.83.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.3375 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.83%.

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

Several institutional investors have recently bought and sold shares of the stock. Shaker Financial Services LLC lifted its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 6.4% during the 3rd quarter. Shaker Financial Services LLC now owns 237,733 shares of the investment management company’s stock valued at $4,054,000 after acquiring an additional 14,369 shares in the last quarter. Advisors Asset Management Inc. lifted its position 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 purchasing an additional 5,946 shares in the last quarter. Tyche Wealth Partners LLC boosted its holdings in 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 purchasing an additional 2,772 shares during the last quarter. Larson Financial Group LLC bought a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the 3rd quarter worth about $30,000. Finally, Prospera Financial Services Inc increased its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 7.7% in the 3rd quarter. Prospera Financial Services Inc now owns 15,850 shares of the investment management company’s stock valued at $266,000 after buying an additional 1,138 shares during the last quarter.

About Nuveen S&P 500 Dynamic Overwrite Fund

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.