BXMX - Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest (NYSE:BXMX) traded today at $14.34, eclipsing its 52-week high. This new high was reached on below average trading volume as 107,000 shares traded hands, while the average 30-day volume is approximately 195,000 shares.
Nuveen S&P 500 Buy-Write Income Fund is a diversified closed-ended management investment company based in the United States. Its investment objective is to seek attractive total returns with less volatility. The fund invests its managed assets in a diversified equity portfolio that seeks to substantially replicate price movements of the S&P 500 Index. It also uses an index options strategy of writing (selling) index call options in seeking to moderate the volatility of returns relative to an all-equity portfolio. Its revenue is generated mainly from interest and dividend income.
In the past 52 weeks, shares of Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest have traded between a low of $10.63 and a high of $14.34 and is now at $14.34, which is 35% above that low price.
Based on a current price of $14.34, Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest is currently 0.6% above its average consensus analyst price target of $14.25.
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