Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Short Interest Up 64.4% in May

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 92,619 shares, a growth of 64.4% from the May 14th total of 56,346 shares. Based on an average daily trading volume, of 207,670 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Nuveen S&P 500 Dynamic Overwrite Fund

A number of large investors have recently modified their holdings of SPXX. Farther Finance Advisors LLC boosted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 393.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,568 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 1,250 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter valued at about $29,000. Sunbelt Securities Inc. bought a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter valued at about $40,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter valued at about $41,000.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.4%

SPXX stock opened at $18.13 on Tuesday. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $15.78 and a twelve month high of $18.52. The stock has a 50-day simple moving average of $17.68 and a two-hundred day simple moving average of $17.64.

Nuveen S&P 500 Dynamic Overwrite Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.4215 per share. This represents a $1.69 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Monday, June 15th. This is a boost from Nuveen S&P 500 Dynamic Overwrite Fund’s previous quarterly dividend of $0.34.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end management investment company that seeks to provide attractive current income and total return potential through a dynamic options strategy. The fund primarily holds a portfolio of large-cap U.S. equities, corresponding closely to the constituents of the S&P 500 Index. In conjunction with its equity holdings, SPXX employs a covered-call, or “overwrite,” approach, writing call options on the underlying equity positions with varying strike prices and maturities to generate option premiums and enhance income for shareholders.

Launched and managed by Nuveen, the asset management arm of TIAA, the fund leverages Nuveen’s extensive experience in equity and options markets.