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

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

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.5 %

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

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 paid a dividend of $0.56 per share. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, December 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.38%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC boosted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,536 shares of the company’s stock valued at $661,000 after purchasing an additional 2,020 shares during the period. Arete Wealth Advisors LLC boosted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 121,198 shares of the company’s stock valued at $3,031,000 after purchasing an additional 4,121 shares during the period. Ionic Capital Management LLC boosted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 16.2% in the 3rd quarter. Ionic Capital Management LLC now owns 101,732 shares of the company’s stock valued at $2,556,000 after purchasing an additional 14,172 shares during the period. HighTower Advisors LLC boosted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 268,019 shares of the company’s stock valued at $6,722,000 after purchasing an additional 19,185 shares during the period. Finally, Walleye Capital LLC boosted its holdings 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 valued at $369,000 after purchasing an additional 6,672 shares during the period. 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.