Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Short Interest Down 15.1% in July

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 23,100 shares, a decline of 15.1% from the July 15th total of 27,200 shares. Based on an average daily trading volume, of 186,600 shares, the short-interest ratio is currently 0.1 days.

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

NYSE:BXMX remained flat at $13.31 during trading hours on Friday. The company’s stock had a trading volume of 97,787 shares, compared to its average volume of 187,861. Nuveen S&P 500 Buy-Write Income Fund has a fifty-two week low of $11.74 and a fifty-two week high of $13.74. The business’s 50 day simple moving average is $13.31 and its 200-day simple moving average is $13.16.

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

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a dividend of $0.236 per share. This represents a $0.94 annualized dividend and a yield of 7.09%. The ex-dividend date was Friday, June 14th.

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

A number of institutional investors have recently added to or reduced their stakes in BXMX. Spire Wealth Management increased its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 8.4% during the 4th quarter. Spire Wealth Management now owns 21,346 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 1,650 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new position in Nuveen S&P 500 Buy-Write Income Fund during the second quarter valued at about $25,000. Hazlett Burt & Watson Inc. increased its holdings in 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 buying an additional 1,980 shares during the last quarter. LifeSteps Financial Inc. purchased a new stake in Nuveen S&P 500 Buy-Write Income Fund during the first quarter worth about $26,000. Finally, Blue Bell Private Wealth Management LLC raised its position in Nuveen S&P 500 Buy-Write Income Fund by 62.2% in the first quarter. Blue Bell Private Wealth Management LLC now owns 6,000 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 2,300 shares during the period.

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.