Short Interest in Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Expands By 80.7%

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 48,600 shares, an increase of 80.7% from the December 15th total of 26,900 shares. Based on an average daily trading volume, of 33,200 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently made changes to their positions in SPXX. Private Advisor Group LLC boosted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 1.7% during the 3rd quarter. Private Advisor Group LLC now owns 47,783 shares of the investment management company’s stock worth $802,000 after buying an additional 807 shares in the last quarter. Prospera Financial Services Inc boosted its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 7.7% during the third quarter. Prospera Financial Services Inc now owns 15,850 shares of the investment management company’s stock worth $266,000 after acquiring an additional 1,138 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the third quarter worth $30,000. Tyche Wealth Partners LLC increased its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 6.6% in the third quarter. Tyche Wealth Partners LLC now owns 44,681 shares of the investment management company’s stock valued at $750,000 after purchasing an additional 2,772 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 10.3% during the third quarter. Advisors Asset Management Inc. now owns 63,701 shares of the investment management company’s stock valued at $1,069,000 after purchasing an additional 5,946 shares during the period.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

Shares of NYSE SPXX opened at $17.25 on Wednesday. The firm has a fifty day simple moving average of $17.46 and a 200 day simple moving average of $16.83. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $14.81 and a twelve month high of $18.00.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date was Friday, December 13th.

About Nuveen S&P 500 Dynamic Overwrite Fund

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.