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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 24, 2024, BXMX stock price climbed to $12.80 with 301,698 million shares trading.
BXMX has a beta of 0.74, meaning it tends to be less sensitive to market movements. BXMX has a correlation of 0.68 to the broad based SPY ETF.
BXMX has a market cap of $1.33 billion. This is considered a Small Cap stock.
In the last 3 years, BXMX stock traded as high as $15.22 and as low as $11.72.
BXMX has underperformed the market in the last year with a return of +5.0%, while the SPY ETF gained +24.2%. In the last 3 month period, BXMX fell short of the market, returning +1.2%, while SPY returned +4.6%. However, in the most recent 2 weeks BXMX has outperformed the stock market by returning -1.8%, while SPY returned -2.7%.
BXMX support price is $12.64 and resistance is $12.84 (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 stock will trade within this expected range on the day.