Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 5,400 shares, a decline of 43.8% from the September 30th total of 9,600 shares. Based on an average daily trading volume, of 99,600 shares, the short-interest ratio is currently 0.1 days.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance
Nuveen Nasdaq 100 Dynamic Overwrite Fund stock traded up $0.16 during trading hours on Friday, hitting $25.45. The company had a trading volume of 91,922 shares, compared to its average volume of 107,537. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1 year low of $20.27 and a 1 year high of $25.86. The company has a 50-day moving average price of $24.85 and a two-hundred day moving average price of $24.41.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.68 annualized dividend and a yield of 6.60%.
Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
Several large investors have recently added to or reduced their stakes in QQQX. PNC Financial Services Group Inc. boosted its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 153.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,975 shares of the company's stock valued at $161,000 after buying an additional 4,225 shares during the period. Cornerstone Wealth Group LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at about $204,000. Private Advisor Group LLC raised its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 64.2% in the 1st quarter. Private Advisor Group LLC now owns 18,480 shares of the company's stock valued at $446,000 after purchasing an additional 7,226 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at about $314,000. Finally, ORG Partners LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at about $72,000. 23.62% of the stock is owned by hedge funds and other institutional investors.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile
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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.
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