Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 11,400 shares, a growth of 395.7% from the December 31st total of 2,300 shares. Based on an average trading volume of 72,500 shares, the days-to-cover ratio is presently 0.2 days.
A number of hedge funds have recently modified their holdings of SPXX. Advisor Group Holdings Inc. raised its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 3.2% during the 2nd quarter. Advisor Group Holdings Inc. now owns 32,144 shares of the investment management company’s stock valued at $412,000 after acquiring an additional 1,003 shares during the period. Carroll Financial Associates Inc. bought a new stake in Nuveen S&P 500 Dynamic Overwrite Fund during the 3rd quarter valued at $26,000. DAVENPORT & Co LLC raised its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 1.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 57,662 shares of the investment management company’s stock valued at $768,000 after acquiring an additional 811 shares during the period. Blue Bell Private Wealth Management LLC purchased a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 3rd quarter valued at $86,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 48.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 9,610 shares of the investment management company’s stock valued at $128,000 after purchasing an additional 3,135 shares in the last quarter.
Shares of SPXX stock opened at $15.11 on Friday. The company’s fifty day simple moving average is $15.04 and its two-hundred day simple moving average is $14.04. Nuveen S&P 500 Dynamic Overwrite Fund has a 1 year low of $8.64 and a 1 year high of $16.97.
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.
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