Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Shares Shorted: Short Interest Down 48.0% in September

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 104,559 shares, a decline of 48.0% from the September 15th total of 201,045 shares. Based on an average daily volume of 236,078 shares, the short-interest ratio is currently 0.4 days.

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

Shares of NYSE:SPXX traded up $0.07 during midday trading on Thursday, reaching $18.70. The company’s stock had a trading volume of 212,960 shares, compared to its average volume of 201,771. Nuveen S&P 500 Dynamic Overwrite Fund has a fifty-two week low of $15.78 and a fifty-two week high of $19.39. The firm has a 50 day moving average price of $18.89 and a two-hundred day moving average price of $18.27.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a dividend of $0.4215 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CENTRAL TRUST Co bought a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth approximately $40,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth approximately $41,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth approximately $46,000.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end fund managed by Nuveen. The fund seeks to provide total return through a combination of current income and capital appreciation.

SPXX invests primarily in a portfolio of large-cap U.S. companies represented in the S&P 500 Index. To generate additional income and potentially manage portfolio risk, the fund uses a dynamic covered-call strategy, writing call options on some of its equity holdings or on related market indexes.

The fund provides investors with exposure to the U.S.