Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Shares Shorted: Short Interest Down 48.0% in September

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 104,559 shares, a decline of 48.0% from the September 15th total of 201,045 shares. Based on an average daily trading volume, of 236,078 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

Nuveen S&P 500 Dynamic Overwrite Fund stock traded down $0.16 during trading on Wednesday, hitting $18.74. The stock had a trading volume of 24,548 shares, compared to its average volume of 201,130. The stock’s 50 day moving average is $18.90 and its two-hundred day moving average is $18.23. Nuveen S&P 500 Dynamic Overwrite Fund has a 1 year low of $15.78 and a 1 year high of $19.39.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.4215 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.69 annualized dividend and a dividend yield of 9.0%.

Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

Several hedge funds have recently made changes to their positions in SPXX. B. Riley Wealth Advisors Inc. grew its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 6.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 31,940 shares of the investment management company’s stock valued at $591,000 after acquiring an additional 1,929 shares in the last quarter. Integrated Capital Management Inc. raised its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 62.7% during the 3rd quarter. Integrated Capital Management Inc. now owns 30,097 shares of the investment management company’s stock valued at $556,000 after buying an additional 11,597 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 113.5% during the third quarter. Farther Finance Advisors LLC now owns 22,467 shares of the investment management company’s stock worth $415,000 after acquiring an additional 11,943 shares in the last quarter. Eastern Bank raised its position in Nuveen S&P 500 Dynamic Overwrite Fund by 32.2% in the 3rd quarter. Eastern Bank now owns 8,370 shares of the investment management company’s stock worth $155,000 after purchasing an additional 2,039 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 2.6% in the 2nd quarter. NewEdge Advisors LLC now owns 139,122 shares of the investment management company’s stock valued at $2,593,000 after acquiring an additional 3,460 shares during the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

(Get Free Report)

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.

Further Reading

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