Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Declines By 78.3%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 21,400 shares, a drop of 78.3% from the December 31st total of 98,600 shares. Based on an average daily trading volume, of 167,400 shares, the days-to-cover ratio is presently 0.1 days.

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

NYSE:BXMX traded up $0.05 on Thursday, reaching $14.15. 123,726 shares of the stock traded hands, compared to its average volume of 188,119. Nuveen S&P 500 Buy-Write Income Fund has a 1-year low of $12.45 and a 1-year high of $14.30. The company’s 50 day moving average is $13.97 and its 200-day moving average is $13.66.

Nuveen S&P 500 Buy-Write Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date was Friday, December 13th.

Institutional Trading of Nuveen S&P 500 Buy-Write Income Fund

Several hedge funds have recently bought and sold shares of BXMX. Raymond James & Associates boosted its position in Nuveen S&P 500 Buy-Write Income Fund by 1.3% in the third quarter. Raymond James & Associates now owns 610,760 shares of the financial services provider’s stock worth $8,380,000 after purchasing an additional 7,661 shares during the last quarter. MONECO Advisors LLC increased its holdings in Nuveen S&P 500 Buy-Write Income Fund by 2.6% during the 3rd quarter. MONECO Advisors LLC now owns 265,799 shares of the financial services provider’s stock worth $3,647,000 after acquiring an additional 6,848 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Nuveen S&P 500 Buy-Write Income Fund by 110.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 675,344 shares of the financial services provider’s stock valued at $9,266,000 after buying an additional 354,431 shares during the period. CWM LLC grew its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 581.3% during the third quarter. CWM LLC now owns 6,663 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 5,685 shares in the last quarter. Finally, Clarity Wealth Advisors LLC bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the 3rd quarter worth $182,000.

About Nuveen S&P 500 Buy-Write Income Fund

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.