BXMX - Watch for Continued Gains in Shares of Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest (BXMX)
Shares of Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest (NYSE:BXMX) traded today at $13.90, eclipsing its 52-week high. So far today approximately 83,000 shares have been exchanged, as compared to an average 30-day volume of 193,000 shares.
In the past 52 weeks, shares of Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest have traded between a low of $10.40 and a high of $13.90 and is now at $13.85, which is 33% above that low price.
Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest (NYSE:BXMX) has potential upside of 88.7% based on a current price of $13.85 and analysts' consensus price target of $26.12.
The Fund seeks attractive total return with less volatility than the S&P 500 Index by investing in an equity portfolio that seeks to substantially replicate the price movements of the S&P 500 Index and by selling index call options covering approximately 100% of the Fund's equity portfolio value with a goal of enhancing the portfolio's risk-adjusted returns.
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