Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Expands By 153.9%

On December 29, 2024, it was reported that short interest in the Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX – Get Free Report) saw a remarkable increase in December. By December 15th, the short interest accumulated to 65,000 shares, marking a staggering growth of 153.9% compared to the November 30th figure of 25,600 shares. With an average daily trading volume of 160,200 shares, the current days-to-cover ratio stands at 0.4 days.

Institutional Trading Activities

Recent trading activities reveal that various hedge funds and institutional investors have been actively buying and selling shares in the Nuveen S&P 500 Buy-Write Income Fund. For instance, Lindbrook Capital LLC enhanced its stake by 45.5% during the third quarter, acquiring an additional 215,808 shares, leading to a total ownership of 689,638 shares, valued at $9,462,000. Similarly, Allspring Global Investments Holdings LLC raised its position by 110.4% in the same quarter, now owning 675,344 shares worth $9,266,000 after acquiring 354,431 shares. Raymond James & Associates also expanded its holdings by 1.3%, and now possesses 610,760 shares valued at $8,380,000 following the purchase of 7,661 shares. Additionally, Envestnet Asset Management Inc. increased its ownership significantly by 210.6% during the second quarter, amassing a total of 537,514 shares worth $7,256,000 after purchasing 364,454 shares. Lastly, International Assets Investment Management LLC tremendously raised its holdings by 1,303.5% during the third quarter, now owning 488,892 shares valued at $6,708,000 after buying 454,058 shares.

Performance of Nuveen S&P 500 Buy-Write Income Fund Stocks

As of Friday, the stocks of Nuveen S&P 500 Buy-Write Income Fund opened at $13.96. The fund has experienced a 52-week low of $12.45 and a high of $14.30. It is noteworthy that the firm exhibits a 50-day moving average of $13.90 and a 200-day moving average of $13.58.

Dividend Announcement

The company recently announced a quarterly dividend, which is scheduled to be paid on Tuesday, December 31st. Shareholders who held shares on December 13th will receive a dividend of $0.2725 per share. This translates to an annualized dividend of $1.09, yielding 7.81%. The ex-dividend date was also set for December 13th.

Company Overview

The Nuveen S&P 500 Buy-Write Income Fund is a closed-end equity indexed mutual fund launched by Nuveen Investments, Inc. It is jointly managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund primarily invests in public equity markets across the United States, targeting stocks from companies in various sectors.

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