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Nuveen Covered Call Closed-End Funds Announce Completion of Mergers
Business Wire (Mon, 30-Mar 9:00 AM ET)
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 April 15, 2026, BXMX stock price was flat at $13.26 with million shares trading.
BXMX has a beta of 0.65, meaning it tends to be less sensitive to market movements. BXMX has a correlation of 0.69 to the broad based SPY ETF.
BXMX has a market cap of $1.38 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 price return of +14.3% while the SPY ETF gained +31.0%. BXMX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.0% and 0.0%, respectively, while the SPY returned +1.5% and +7.5%, respectively.
BXMX support price is $13.17 and resistance is $13.36 (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.
