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Nuveen Covered Call Closed-End Funds Announce Shareholder Approval of Proposed Mergers
Business Wire (Thu, 5-Mar 4:15 PM ET)
S&P 500 Buy-Write Income's (BXMX) investment objective is to provide a high level of current income and gains. The Fund invests its managed assets in a diversified equity portfolio that seeks to substantially replicate price movements of the S&P 500® Index. The Fund also uses an index option strategy of writing (selling) index call options in seeking to moderate the volatility of returns relative to an all equity portfolio.
Nuveen S&P 500 Buy-Write Income Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol BXMX.
As of March 6, 2026, BXMX stock price declined to $14.46 with 105,229 million shares trading.
BXMX has a beta of 0.77, meaning it tends to be less sensitive to market movements. BXMX has a correlation of 0.86 to the broad based SPY ETF.
BXMX has a market cap of $1.51 billion. This is considered a Small Cap stock.
In the last 3 years, BXMX traded as high as $15.00 and as low as $11.25.
BXMX has underperformed the market in the last year with a return of +14.3%, while SPY returned +16.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BXMX shares. However, BXMX has outperformed the market in the last 3 month and 2 week periods, returning +1.3% and -1.2%, while SPY returned -1.4% and -1.5%, respectively. This indicates BXMX has been having a stronger performance recently.
BXMX support price is $14.39 and resistance is $14.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BXMX shares will trade within this expected range on the day.
