Short Interest in Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Declines By 43.9%

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 37,100 shares, a decline of 43.9% from the January 31st total of 66,100 shares. Based on an average daily volume of 180,300 shares, the days-to-cover ratio is currently 0.2 days.

Insider Buying and Selling

In other Nuveen S&P 500 Buy-Write Income Fund news, VP David J. Lamb sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $14.20, for a total value of $42,600.00. Following the transaction, the vice president now owns 806 shares in the company, valued at approximately $11,445.20. This represents a 78.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Nuveen S&P 500 Buy-Write Income Fund

Several large investors have recently added to or reduced their stakes in BXMX. Raymond James Financial Inc. bought a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter worth $17,818,000. Lindbrook Capital LLC raised its stake in Nuveen S&P 500 Buy-Write Income Fund by 45.5% during the 3rd quarter. Lindbrook Capital LLC now owns 689,638 shares of the financial services provider’s stock valued at $9,462,000 after purchasing an additional 215,808 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Nuveen S&P 500 Buy-Write Income Fund by 125.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 358,506 shares of the financial services provider’s stock valued at $5,016,000 after purchasing an additional 199,151 shares during the last quarter. Wells Fargo & Company MN raised its stake in Nuveen S&P 500 Buy-Write Income Fund by 11.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,614,773 shares of the financial services provider’s stock valued at $22,591,000 after purchasing an additional 167,568 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Nuveen S&P 500 Buy-Write Income Fund during the 3rd quarter valued at $2,263,000.

Nuveen S&P 500 Buy-Write Income Fund Stock Up 0.7 %

Nuveen S&P 500 Buy-Write Income Fund stock traded up $0.09 during trading hours on Friday, hitting $13.84. The company had a trading volume of 235,529 shares, compared to its average volume of 178,075. Nuveen S&P 500 Buy-Write Income Fund has a fifty-two week low of $12.45 and a fifty-two week high of $14.34. The firm’s fifty day moving average is $14.02 and its 200-day moving average is $13.81.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend was Friday, December 13th.

About Nuveen S&P 500 Buy-Write Income Fund

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.