Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Rating) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 71,200 shares, a decrease of 48.0% from the January 15th total of 137,000 shares. Based on an average trading volume of 48,600 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

Several institutional investors have recently added to or reduced their stakes in SPXX. Atria Wealth Solutions Inc. purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund during the second quarter valued at about $3,494,000. UBS Group AG lifted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 32.7% during the third quarter. UBS Group AG now owns 432,084 shares of the investment management company's stock valued at $6,485,000 after purchasing an additional 106,566 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 145.8% during the first quarter. Advisors Asset Management Inc. now owns 141,236 shares of the investment management company's stock valued at $2,538,000 after purchasing an additional 83,766 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 328.9% during the first quarter. Guggenheim Capital LLC now owns 63,077 shares of the investment management company's stock valued at $1,133,000 after purchasing an additional 48,372 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 38.5% during the second quarter. LPL Financial LLC now owns 170,800 shares of the investment management company's stock valued at $2,675,000 after purchasing an additional 47,500 shares during the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

SPXX traded up $0.01 during trading on Friday, hitting $16.04. 26,505 shares of the company traded hands, compared to its average volume of 54,264. The stock's fifty day moving average is $16.19 and its 200 day moving average is $16.28. Nuveen S&P 500 Dynamic Overwrite Fund has a one year low of $14.68 and a one year high of $18.24.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

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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