Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 104,559 shares, a drop of 48.0% from the September 15th total of 201,045 shares. Based on an average daily volume of 236,078 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 7.4% during the 2nd quarter. CoreCap Advisors LLC now owns 18,549 shares of the investment management company’s stock worth $346,000 after purchasing an additional 1,282 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 79.2% in the second quarter. Ameritas Advisory Services LLC now owns 3,177 shares of the investment management company’s stock valued at $59,000 after purchasing an additional 1,404 shares in the last quarter. CENTRAL TRUST Co bought a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the 1st quarter valued at $29,000. Sunbelt Securities Inc. acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth about $29,000. Finally, B. Riley Wealth Advisors Inc. raised its position in Nuveen S&P 500 Dynamic Overwrite Fund by 6.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 31,940 shares of the investment management company’s stock worth $591,000 after purchasing an additional 1,929 shares in the last quarter.
Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 1.2%
Nuveen S&P 500 Dynamic Overwrite Fund stock traded down $0.23 on Friday, reaching $18.50. 259,888 shares of the stock were exchanged, compared to its average volume of 202,063. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $15.78 and a twelve month high of $19.39. The firm has a fifty day moving average price of $18.88 and a two-hundred day moving average price of $18.27.
Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a dividend of $0.4215 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a yield of 9.1%.
About Nuveen S&P 500 Dynamic Overwrite Fund
Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end fund managed by Nuveen. The fund seeks to provide total return through a combination of current income and capital appreciation.
SPXX invests primarily in a portfolio of large-cap U.S. companies represented in the S&P 500 Index. To generate additional income and potentially manage portfolio risk, the fund uses a dynamic covered-call strategy, writing call options on some of its equity holdings or on related market indexes.
The fund provides investors with exposure to the U.S.
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