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 the month of 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 trading volume, of 191,500 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen S&P 500 Buy-Write Income Fund Trading Down 0.7 %

BXMX traded down $0.09 during trading on Friday, hitting $12.95. The company’s stock had a trading volume of 206,394 shares, compared to its average volume of 177,426. The firm’s 50 day moving average price is $13.90 and its two-hundred day moving average price is $13.81. Nuveen S&P 500 Buy-Write Income Fund has a 12 month low of $12.45 and a 12 month high of $14.34.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 8.42%.

Insider Buying and Selling

In other news, VP David J. Lamb sold 3,000 shares of the business’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 $11,445.20. The trade was a 78.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. CoreFirst Bank & Trust acquired a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund in the 4th quarter valued at $26,000. Bangor Savings Bank acquired a new position in Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter valued at about $27,000. Private Trust Co. NA grew its position 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 buying an additional 1,000 shares during the period. World Investment Advisors bought a new position in Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter valued at approximately $144,000. Finally, Atria Investments Inc acquired a new stake in Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter worth $147,000.

Nuveen S&P 500 Buy-Write Income Fund Company Profile

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.