Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Rating) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 79,500 shares, a growth of 48.9% from the June 30th total of 53,400 shares. Based on an average daily volume of 64,000 shares, the short-interest ratio is currently 1.2 days.
Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund
Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the first quarter worth $35,000. Confluence Wealth Services Inc. bought a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter valued at $42,000. Bank of Montreal Can bought a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter valued at $190,000. GPS Wealth Strategies Group LLC bought a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter valued at $197,000. Finally, Private Advisor Group LLC increased its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 31.4% in the second quarter. Private Advisor Group LLC now owns 15,576 shares of the investment management company's stock valued at $244,000 after acquiring an additional 3,720 shares during the last quarter.
Get Nuveen S&P 500 Dynamic Overwrite Fund alerts:Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance
Shares of NYSE SPXX opened at $16.41 on Friday. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $14.75 and a twelve month high of $18.92. The stock's 50 day moving average price is $15.94 and its 200-day moving average price is $16.76.
Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were paid a $0.294 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.18 annualized dividend and a yield of 7.17%.Nuveen S&P 500 Dynamic Overwrite Fund Company Profile
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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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