Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Sees Significant Decline in Short Interest

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 22,000 shares, a decrease of 10.2% from the May 31st total of 24,500 shares. Based on an average trading volume of 162,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BXMX. BOK Financial Private Wealth Inc. bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter worth approximately $25,000. LifeSteps Financial Inc. bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the first quarter worth approximately $26,000. Global Financial Private Client LLC bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the first quarter worth approximately $33,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter worth approximately $47,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 26.1% during the first quarter. Hazlett Burt & Watson Inc. now owns 9,574 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,980 shares during the period.

Nuveen S&P 500 Buy-Write Income Fund Stock Up 0.8 %

Nuveen S&P 500 Buy-Write Income Fund stock traded up $0.11 during trading hours on Wednesday, hitting $13.67. The company had a trading volume of 66,930 shares, compared to its average volume of 182,303. Nuveen S&P 500 Buy-Write Income Fund has a one year low of $11.74 and a one year high of $13.75. The firm has a 50-day moving average of $13.17 and a 200 day moving average of $13.04.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a dividend of $0.236 per share. The ex-dividend date was Friday, June 14th. This represents a $0.94 annualized dividend and a dividend yield of 6.91%.

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.