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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 23,200 shares, a decrease 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 presently 0.2 days.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. CoreFirst Bank & Trust bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at $36,000. Griffin Asset Management Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at $205,000. Left Brain Wealth Management LLC bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at $207,000. Hennion & Walsh Asset Management Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at $211,000. Finally, Next Level Private LLC bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at $215,000. Institutional investors own 23.62% of the company’s stock.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

NASDAQ:QQQX traded up $0.18 during trading hours on Friday, hitting $25.91. 168,231 shares of the company traded hands, compared to its average volume of 134,893. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a twelve month low of $22.37 and a twelve month high of $27.95. The firm has a 50-day moving average of $27.04 and a 200 day moving average of $25.98.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid 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. This represents a $2.24 annualized dividend and a yield of 8.65%. The ex-dividend date of this dividend was Friday, December 13th.

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.