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

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the recipient of a large growth in short interest in the month of 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.

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

Nuveen S&P 500 Buy-Write Income Fund stock traded up $0.09 during mid-day trading on Monday, reaching $13.04. 267,615 shares of the company’s stock traded hands, compared to its average volume of 189,320. Nuveen S&P 500 Buy-Write Income Fund has a 12-month low of $12.45 and a 12-month high of $14.34. The stock 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.09 annualized dividend and a yield of 8.36%.

Insider Activity

In other Nuveen S&P 500 Buy-Write Income Fund news, VP David J. Lamb sold 3,000 shares of Nuveen S&P 500 Buy-Write Income Fund stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $14.20, for a total value of $42,600.00. Following the sale, the vice president now directly owns 806 shares in the company, valued at approximately $11,445.20. The trade was a 78.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Nuveen S&P 500 Buy-Write Income Fund

Several institutional investors have recently modified their holdings of BXMX. CoreFirst Bank & Trust purchased a new stake in Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter valued at $26,000. Bangor Savings Bank bought a new position in Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter valued at $27,000. Private Trust Co. NA raised its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 39.4% in the fourth quarter. Private Trust Co. NA now owns 3,539 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,000 shares during the period. World Investment Advisors bought a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter worth about $144,000. Finally, Atria Investments Inc bought a new position in Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter valued at about $147,000.

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.