Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX – Get Rating) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 410,500 shares, an increase of 61.5% from the March 31st total of 254,200 shares. Based on an average trading volume of 229,600 shares, the short-interest ratio is currently 1.8 days.
Shares of NYSE BXMX traded down $0.43 during mid-day trading on Friday, reaching $13.59. 130,048 shares of the company were exchanged, compared to its average volume of 221,391. The company’s 50-day simple moving average is $13.78 and its 200-day simple moving average is $14.33. Nuveen S&P 500 Buy-Write Income Fund has a twelve month low of $12.76 and a twelve month high of $15.22.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Tuesday, March 15th were given a $0.236 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date was Monday, March 14th. This is a boost from Nuveen S&P 500 Buy-Write Income Fund’s previous quarterly dividend of $0.22.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Advisory LLC acquired a new stake in Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter worth about $35,000. AHL Investment Management Inc. acquired a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter worth approximately $68,000. FNY Investment Advisers LLC bought a new position in Nuveen S&P 500 Buy-Write Income Fund in the first quarter valued at approximately $71,000. UMB Bank N A MO acquired a new position in Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter valued at approximately $72,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 45.5% in the 1st quarter. Harbor Investment Advisory LLC now owns 7,890 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,468 shares during the last quarter.
About Nuveen S&P 500 Buy-Write Income Fund (Get Rating)
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.
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