Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Declines By 43.9%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 37,100 shares, a decrease of 43.9% from the January 31st total of 66,100 shares. Based on an average trading volume of 180,300 shares, the short-interest ratio is presently 0.2 days.

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

BXMX stock traded up $0.09 during mid-day trading on Friday, hitting $13.84. 235,529 shares of the company were exchanged, compared to its average volume of 178,075. Nuveen S&P 500 Buy-Write Income Fund has a twelve month low of $12.45 and a twelve month high of $14.34. The firm has a fifty day simple moving average of $14.02 and a 200 day simple moving average of $13.81.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 7.88%. The ex-dividend date was Friday, December 13th.

Insider Transactions at Nuveen S&P 500 Buy-Write Income Fund

In other Nuveen S&P 500 Buy-Write Income Fund news, VP David J. Lamb sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $14.20, for a total transaction of $42,600.00. Following the completion of the transaction, the vice president now directly owns 806 shares of the company’s stock, valued at $11,445.20. This trade represents a 78.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. lifted its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 16.4% in the 4th quarter. Atomi Financial Group Inc. now owns 98,560 shares of the financial services provider’s stock worth $1,379,000 after buying an additional 13,913 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 125,910 shares of the financial services provider’s stock worth $1,761,000 after buying an additional 3,359 shares during the last quarter. Matrix Trust Co lifted its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 668.5% in the 4th quarter. Matrix Trust Co now owns 38,742 shares of the financial services provider’s stock worth $542,000 after buying an additional 33,701 shares during the last quarter. Bangor Savings Bank bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter worth about $27,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the 3rd quarter worth about $320,000.

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.