Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Sees Significant Decline in Short Interest

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 49,685 shares, a decline of 14.8% from the January 15th total of 58,343 shares. Based on an average daily trading volume, of 153,073 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 153,073 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Nuveen S&P 500 Buy-Write Income Fund

Several institutional investors and hedge funds have recently modified their holdings of BXMX. Almitas Capital LLC purchased a new stake in Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter worth approximately $152,000. Hilltop Holdings Inc. increased its stake in Nuveen S&P 500 Buy-Write Income Fund by 5.9% during the 4th quarter. Hilltop Holdings Inc. now owns 33,370 shares of the financial services provider’s stock worth $491,000 after buying an additional 1,869 shares in the last quarter. Quantedge Capital Pte Ltd acquired a new position in Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter valued at $204,000. Kovack Advisors Inc. lifted its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 22.7% in the fourth quarter. Kovack Advisors Inc. now owns 17,278 shares of the financial services provider’s stock worth $254,000 after buying an additional 3,200 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Nuveen S&P 500 Buy-Write Income Fund by 7.7% in the 4th quarter. Osaic Holdings Inc. now owns 451,649 shares of the financial services provider’s stock worth $6,640,000 after purchasing an additional 32,376 shares in the last quarter.

Nuveen S&P 500 Buy-Write Income Fund Stock Down 0.5%

NYSE:BXMX traded down $0.08 during trading hours on Tuesday, hitting $14.64. 169,029 shares of the company were exchanged, compared to its average volume of 155,530. The company’s 50 day moving average price is $14.62 and its 200-day moving average price is $14.41. Nuveen S&P 500 Buy-Write Income Fund has a 52-week low of $11.25 and a 52-week high of $15.00.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Monday, December 15th.

About Nuveen S&P 500 Buy-Write Income Fund

Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX) is a closed-end management investment company that seeks to provide investors with a combination of current income and capital appreciation. The fund primarily invests in a diversified portfolio of common stocks included in the S&P 500 Index. To supplement dividend income and potentially enhance total return, the fund employs a covered call option strategy, writing call options on either the S&P 500 Index or selected individual holdings.

Under its buy-write approach, the fund purchases underlying equity securities and sells call options on those securities or on a broad market index.