Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Grows By 50.1%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 55,700 shares, a growth of 50.1% from the February 13th total of 37,100 shares. Based on an average daily volume of 191,500 shares, the short-interest ratio is currently 0.3 days.

Insider Activity

In other Nuveen S&P 500 Buy-Write Income Fund news, VP David J. Lamb sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $14.20, for a total value of $42,600.00. Following the completion of the sale, the vice president now owns 806 shares in the company, valued at approximately $11,445.20. The trade was a 78.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

A number of hedge funds have recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new position in Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter worth approximately $26,000. Bangor Savings Bank purchased a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter valued at $27,000. Private Trust Co. NA increased its holdings in Nuveen S&P 500 Buy-Write Income Fund by 39.4% in the 4th quarter. Private Trust Co. NA now owns 3,539 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,000 shares in the last quarter. World Investment Advisors purchased a new position in Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter worth about $144,000. Finally, Atria Investments Inc bought a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter worth approximately $147,000.

Nuveen S&P 500 Buy-Write Income Fund Price Performance

BXMX stock traded down $0.09 during midday trading on Friday, hitting $12.95. The stock had a trading volume of 206,394 shares, compared to its average volume of 177,426. Nuveen S&P 500 Buy-Write Income Fund has a 52-week low of $12.45 and a 52-week high of $14.34. The business has a 50-day moving average of $13.90 and a two-hundred day moving average of $13.81.

Nuveen S&P 500 Buy-Write Income 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 $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 8.42%. The ex-dividend date of this dividend is Friday, March 14th.

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.