Short Interest in Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Decreases By 53.1%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,800 shares, a decrease of 53.1% from the December 31st total of 40,100 shares. Based on an average daily volume of 111,000 shares, the short-interest ratio is presently 0.2 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

Shares of NASDAQ QQQX remained flat at $27.30 during midday trading on Thursday. The stock had a trading volume of 131,704 shares, compared to its average volume of 136,378. The firm has a fifty day simple moving average of $26.91 and a two-hundred day simple moving average of $25.59. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1-year low of $22.37 and a 1-year high of $27.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.56 dividend. This is a boost from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.21%.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several hedge funds and other institutional investors have recently bought and sold shares of QQQX. International Assets Investment Management LLC raised its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2,422.3% during the 3rd quarter. International Assets Investment Management LLC now owns 371,034 shares of the company’s stock worth $9,320,000 after acquiring an additional 356,324 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at $4,669,000. Shaker Financial Services LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 21.4% in the third quarter. Shaker Financial Services LLC now owns 284,148 shares of the company’s stock valued at $7,241,000 after purchasing an additional 49,996 shares during the period. Absolute Investment Advisers LLC acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at $1,251,000. Finally, Wolverine Asset Management LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.9% in the third quarter. Wolverine Asset Management LLC now owns 235,640 shares of the company’s stock valued at $5,919,000 after purchasing an additional 37,507 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.