Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Increases By 52.4%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMXGet Rating) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 760,900 shares, a growth of 52.4% from the May 15th total of 499,300 shares. Based on an average trading volume of 225,100 shares, the short-interest ratio is presently 3.4 days.

Shares of BXMX traded up $0.20 on Wednesday, reaching $12.69. The company’s stock had a trading volume of 11,416 shares, compared to its average volume of 219,458. Nuveen S&P 500 Buy-Write Income Fund has a twelve month low of $12.42 and a twelve month high of $15.22. The firm has a fifty day moving average of $13.67 and a 200-day moving average of $14.01.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be issued a $0.236 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.44%.

Several institutional investors and hedge funds have recently bought and sold shares of BXMX. Kestra Private Wealth Services LLC increased its stake in Nuveen S&P 500 Buy-Write Income Fund by 21.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 20,145 shares of the financial services provider’s stock valued at $295,000 after buying an additional 3,580 shares during the last quarter. Patten Group Inc. increased its stake in Nuveen S&P 500 Buy-Write Income Fund by 1.8% in the 4th quarter. Patten Group Inc. now owns 42,900 shares of the financial services provider’s stock valued at $628,000 after buying an additional 779 shares during the last quarter. Spire Wealth Management increased its stake in Nuveen S&P 500 Buy-Write Income Fund by 3.4% in the 4th quarter. Spire Wealth Management now owns 80,056 shares of the financial services provider’s stock valued at $1,173,000 after buying an additional 2,630 shares during the last quarter. Lindbrook Capital LLC increased its stake in Nuveen S&P 500 Buy-Write Income Fund by 178.6% in the 4th quarter. Lindbrook Capital LLC now owns 446,632 shares of the financial services provider’s stock valued at $6,543,000 after buying an additional 286,323 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Nuveen S&P 500 Buy-Write Income Fund by 2.1% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 34,114 shares of the financial services provider’s stock valued at $500,000 after buying an additional 694 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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