Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 31,800 shares, a growth of 439.0% from the February 29th total of 5,900 shares. Based on an average daily volume of 51,200 shares, the days-to-cover ratio is currently 0.6 days.
Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance
Shares of NYSE:SPXX traded up $0.03 during trading on Thursday, reaching $15.67. 49,611 shares of the company traded hands, compared to its average volume of 49,587. The company’s 50 day moving average is $15.39 and its two-hundred day moving average is $14.92. Nuveen S&P 500 Dynamic Overwrite Fund has a 52 week low of $13.57 and a 52 week high of $16.05.
Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a dividend of $0.294 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 7.50%.
Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund
Nuveen S&P 500 Dynamic Overwrite Fund Company Profile
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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