Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Short Interest Up 50.1% in February

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 55,700 shares, a growth of 50.1% from the February 13th total of 37,100 shares. Based on an average daily volume of 191,500 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity

In related news, VP David J. Lamb sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $14.20, for a total value of $42,600.00. Following the transaction, the vice president now directly owns 806 shares of the company’s stock, valued at approximately $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 accessible through this link.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. CoreFirst Bank & Trust acquired a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter worth $26,000. Bangor Savings Bank bought a new stake in Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter valued at $27,000. Private Trust Co. NA increased its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 39.4% during the 4th quarter. Private Trust Co. NA now owns 3,539 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,000 shares during the period. World Investment Advisors acquired a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter valued at about $144,000. Finally, Atria Investments Inc bought a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter valued at about $147,000.

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

NYSE:BXMX traded down $0.09 during midday trading on Friday, reaching $12.95. The stock had a trading volume of 206,394 shares, compared to its average volume of 177,426. The firm’s fifty day simple moving average is $13.90 and its 200-day simple moving average is $13.81. Nuveen S&P 500 Buy-Write Income Fund has a 1-year low of $12.45 and a 1-year high of $14.34.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.09 annualized dividend and a yield of 8.42%.

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.