BXMX News and Press, Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest From 07/09/21

Compared to other income-oriented sectors like bonds and REITs, closed-end funds (CEFs) have considerably higher yields. Currently, the S-Network Composite Closed-End Fund Index (CEFX) has a yield of 6.97% and the S-Network Municipal Bond Closed-End Fund Index (CEFMX) has a yield of 4...

Swapping funds with premiums with similar funds with discounts is a common trading strategy. I backtest the performance of said strategy for some covered call funds. Results were overwhelmingly positive. Currently, the strategy says to invest in XYLD. For further details see...

Shares of Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest (NYSE:BXMX) traded today at $14.36, eclipsing its 52-week high. So far today approximately 66,000 shares have been exchanged, as compared to an average 30-day volume of 191,000 shares. Nuveen S&P 500 Buy-Write ...

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 shar...

This fund has come a long way since it was originally added to the portfolio. While the discount isn't as appealing as it once was, it is near its longer-term average. BXMX has an aggressive overwrite strategy at overwriting 100% of the portfolio via index writing. For furth...

Shares of Nuveen S&P 500 Buy-Write Income Fund of Beneficial Interest (NYSE:BXMX) traded at a new 52-week high today of $13.99. Approximately 54,000 shares have changed hands today, as compared to an average 30-day volume of 197,000 shares. In the past 52 weeks, Nuveen S&P 500 Bu...

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 ...

There are three primary things that I see a lot of newer CEF investors get hung up on; return of capital, section 19a and data aggregators distribution classifications. All three of these have to do with the tax character of the distributions and the mistakes that can be made. The...

DIAX intends to replicate the price movements of the Dow Jones Industrial Average, then apply an options overlay of selling calls. As a CEF, they also place an emphasis on paying a large distribution - currently coming in at 6.82%. The options strategy is in an attempt to dampen v...

The current environment of expensive equity valuations and high implied volatility is particularly attractive for covered call funds relative to outright equity exposure. We take a look at the different decision points for investors in the sector such as benchmark tilt, call overwrite...