Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sees Large Decline in Short Interest

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 19,800 shares, a drop of 29.5% from the November 15th total of 28,100 shares. Based on an average daily volume of 97,400 shares, the short-interest ratio is presently 0.2 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

NASDAQ:QQQX traded up $0.13 during trading hours on Friday, reaching $26.74. The company’s stock had a trading volume of 152,152 shares, compared to its average volume of 96,504. The firm has a 50-day simple moving average of $25.90 and a 200-day simple moving average of $25.09. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1 year low of $22.37 and a 1 year high of $27.50.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.38%. This is an increase from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several institutional investors have recently bought and sold shares of QQQX. International Assets Investment Management LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2,422.3% in the 3rd quarter. International Assets Investment Management LLC now owns 371,034 shares of the company’s stock worth $9,320,000 after purchasing an additional 356,324 shares during the period. Shaker Financial Services LLC boosted its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 21.4% during 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. HighTower Advisors LLC grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 7.7% in the third quarter. HighTower Advisors LLC now owns 268,019 shares of the company’s stock worth $6,722,000 after purchasing an additional 19,185 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of 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 worth $5,919,000 after buying an additional 37,507 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 3rd quarter valued at $4,669,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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.