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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a large drop in short interest in 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 trading volume of 97,400 shares, the short-interest ratio is presently 0.2 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.5 %

QQQX traded up $0.13 during midday trading on Friday, hitting $26.74. The company had a trading volume of 152,152 shares, compared to its average volume of 105,807. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a twelve month low of $22.37 and a twelve month high of $27.50. The firm’s 50-day simple moving average is $25.90 and its 200-day simple moving average is $25.07.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.56 per share. 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 is Friday, December 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.38%.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter valued at approximately $541,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at approximately $114,000. NewEdge Advisors LLC lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 17.5% in the second quarter. NewEdge Advisors LLC now owns 40,396 shares of the company’s stock valued at $1,013,000 after buying an additional 6,022 shares in the last quarter. Logan Stone Capital LLC lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 501.2% in the second quarter. Logan Stone Capital LLC now owns 132,935 shares of the company’s stock valued at $3,334,000 after buying an additional 110,822 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 39.9% in the second quarter. Private Advisor Group LLC now owns 25,856 shares of the company’s stock valued at $648,000 after buying an additional 7,376 shares in the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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.