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

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 21,400 shares, a decline of 34.0% from the May 31st total of 32,400 shares. Based on an average trading volume of 33,700 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Nuveen S&P 500 Dynamic Overwrite Fund

A number of hedge funds have recently bought and sold shares of the stock. Fortem Financial Group LLC raised its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 4.7% during the first quarter. Fortem Financial Group LLC now owns 29,791 shares of the investment management company’s stock valued at $467,000 after buying an additional 1,344 shares during the last quarter. Raymond James & Associates raised its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 9.7% in the 4th quarter. Raymond James & Associates now owns 26,681 shares of the investment management company’s stock valued at $401,000 after acquiring an additional 2,360 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 10.9% in the 4th quarter. Private Advisor Group LLC now owns 37,531 shares of the investment management company’s stock worth $564,000 after acquiring an additional 3,700 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 3.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 269,414 shares of the investment management company’s stock worth $4,052,000 after purchasing an additional 10,022 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 3.7% during the 4th quarter. UBS Group AG now owns 419,575 shares of the investment management company’s stock worth $6,310,000 after purchasing an additional 15,114 shares in the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance

SPXX traded up $0.20 during midday trading on Friday, reaching $16.35. The company’s stock had a trading volume of 20,378 shares, compared to its average volume of 41,062. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $13.57 and a twelve month high of $16.35. The company has a fifty day simple moving average of $15.74 and a 200 day simple moving average of $15.43.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.294 per share. This represents a $1.18 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Friday, June 14th.

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.