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

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the target of a significant increase in short interest during 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 daily volume of 39,600 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

Institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 25.4% in the fourth quarter. Cetera Investment Advisers now owns 20,637 shares of the investment management company’s stock worth $366,000 after buying an additional 4,176 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the 4th quarter valued at approximately $188,000. South Plains Financial Inc. acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the 4th quarter worth approximately $44,000. Shaker Financial Services LLC grew its position in Nuveen S&P 500 Dynamic Overwrite Fund by 3.2% during the 4th quarter. Shaker Financial Services LLC now owns 245,444 shares of the investment management company’s stock worth $4,357,000 after purchasing an additional 7,711 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 3.8% during the 4th quarter. Guggenheim Capital LLC now owns 298,075 shares of the investment management company’s stock valued at $5,291,000 after purchasing an additional 11,013 shares during the period.

Nuveen S&P 500 Dynamic Overwrite Fund Trading Up 0.5 %

Nuveen S&P 500 Dynamic Overwrite Fund stock traded up $0.10 during mid-day trading on Monday, hitting $18.34. The company’s stock had a trading volume of 84,822 shares, compared to its average volume of 53,041. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $14.91 and a twelve month high of $18.38. The stock’s fifty day moving average price is $17.72 and its two-hundred day moving average price is $17.08.

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 dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 7.36%. The ex-dividend date was Friday, December 13th.

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.