Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Up 99.5% in December

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 40,100 shares, an increase of 99.5% from the December 15th total of 20,100 shares. Based on an average trading volume of 98,700 shares, the days-to-cover ratio is presently 0.4 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

Shares of QQQX stock traded up $0.04 on Tuesday, hitting $26.35. The stock had a trading volume of 182,896 shares, compared to its average volume of 135,174. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 12-month low of $22.37 and a 12-month high of $27.54. The business has a 50 day moving average of $26.61 and a 200 day moving average of $25.45.

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 given a dividend of $0.56 per share. This is an increase from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QQQX. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter worth $114,000. Walleye Capital LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 83.2% in the 3rd quarter. Walleye Capital LLC now owns 14,696 shares of the company’s stock worth $369,000 after purchasing an additional 6,672 shares during the period. Advisors Asset Management Inc. purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 3rd quarter valued at $460,000. Sanctuary Advisors LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter worth about $541,000. Finally, Private Advisor Group LLC raised its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 39.9% during the second quarter. Private Advisor Group LLC now owns 25,856 shares of the company’s stock valued at $648,000 after acquiring an additional 7,376 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

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.