Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Short Interest Update

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 249,300 shares, an increase of 99.1% from the February 13th total of 125,200 shares. Based on an average trading volume of 54,000 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in Nuveen S&P 500 Dynamic Overwrite Fund by 25.4% in the 4th 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 last quarter. Aptus Capital Advisors LLC purchased a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the fourth quarter valued at approximately $188,000. South Plains Financial Inc. purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter worth $44,000. Shaker Financial Services LLC grew its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 3.2% in the fourth 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 during the period. Finally, Guggenheim Capital LLC boosted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 3.8% in the fourth quarter. Guggenheim Capital LLC now owns 298,075 shares of the investment management company’s stock worth $5,291,000 after acquiring an additional 11,013 shares in the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.7 %

SPXX stock traded down $0.13 during mid-day trading on Friday, reaching $16.87. 59,580 shares of the company traded hands, compared to its average volume of 40,574. Nuveen S&P 500 Dynamic Overwrite Fund has a 52-week low of $14.91 and a 52-week high of $18.52. The company has a fifty day moving average price of $17.87 and a 200-day moving average price of $17.31.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Friday, March 14th.

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.