Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Sees Significant Increase in Short Interest

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Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXXGet Rating) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 49,200 shares, a growth of 201.8% from the May 15th total of 16,300 shares. Based on an average daily volume of 51,800 shares, the short-interest ratio is currently 0.9 days.

SPXX traded down $0.21 on Friday, reaching $16.51. 36,741 shares of the company’s stock were exchanged, compared to its average volume of 54,672. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $14.88 and a twelve month high of $19.34. The stock’s fifty day moving average price is $16.74 and its 200-day moving average price is $17.34.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be given a dividend of $0.294 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.18 dividend on an annualized basis and a yield of 7.12%.

A number of institutional investors and hedge funds have recently bought and sold shares of SPXX. Advisors Asset Management Inc. boosted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 145.8% in the 1st quarter. Advisors Asset Management Inc. now owns 141,236 shares of the investment management company’s stock valued at $2,538,000 after purchasing an additional 83,766 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 328.9% in the 1st quarter. Guggenheim Capital LLC now owns 63,077 shares of the investment management company’s stock valued at $1,133,000 after purchasing an additional 48,372 shares during the last quarter. UBS Group AG lifted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 4.6% in the 1st quarter. UBS Group AG now owns 316,029 shares of the investment management company’s stock worth $5,679,000 after acquiring an additional 13,879 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the 1st quarter worth approximately $190,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 4.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 276,161 shares of the investment management company’s stock worth $4,963,000 after acquiring an additional 10,620 shares during the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile (Get Rating)

Nuveen S&P 500 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.

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