Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Sees Large Increase in Short Interest

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 87,400 shares, a growth of 20.2% from the January 15th total of 72,700 shares. Based on an average daily trading volume, of 39,600 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPXX. Cetera Investment Advisers grew its stake 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 in the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the 4th quarter worth about $188,000. South Plains Financial Inc. bought a new stake 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 fourth quarter. Shaker Financial Services LLC now owns 245,444 shares of the investment management company’s stock valued at $4,357,000 after acquiring an additional 7,711 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Nuveen S&P 500 Dynamic Overwrite Fund by 3.8% in the 4th quarter. Guggenheim Capital LLC now owns 298,075 shares of the investment management company’s stock worth $5,291,000 after purchasing an additional 11,013 shares during the period.

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

Nuveen S&P 500 Dynamic Overwrite Fund stock traded up $0.10 during mid-day trading on Monday, reaching $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 12-month low of $14.91 and a 12-month high of $18.38. The firm’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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.3375 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.35 annualized dividend and a dividend yield of 7.36%.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

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.