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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 23,200 shares, a drop of 53.0% from the January 31st total of 49,400 shares. Based on an average daily volume of 125,600 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.7 %

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund stock traded up $0.18 during mid-day trading on Friday, reaching $25.91. 168,231 shares of the stock were exchanged, compared to its average volume of 134,893. The firm has a 50-day simple moving average of $27.04 and a 200 day simple moving average of $25.98. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a fifty-two week low of $22.37 and a fifty-two week high of $27.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.65%. This is a boost 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

Hedge funds have recently made changes to their positions in the company. CoreFirst Bank & Trust acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth about $36,000. Griffin Asset Management Inc. acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth about $205,000. Left Brain Wealth Management LLC acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth about $207,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth about $211,000. Finally, Next Level Private LLC acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at about $215,000. 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.