Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was the recipient of a significant 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 trading volume of 125,600 shares, the days-to-cover ratio is currently 0.2 days.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance
Shares of NASDAQ:QQQX traded up $0.40 on Wednesday, hitting $25.52. 622,785 shares of the company traded hands, compared to its average volume of 149,595. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 52 week low of $22.37 and a 52 week high of $27.95. The stock has a 50 day simple moving average of $26.93 and a 200-day simple moving average of $26.01.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.56 per share. The ex-dividend date is Friday, March 14th. This represents a $2.24 annualized dividend and a dividend yield of 8.78%.
Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates increased its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 13.5% in the 3rd quarter. Raymond James & Associates now owns 143,150 shares of the company's stock worth $3,596,000 after buying an additional 17,065 shares in the last quarter. Shaker Financial Services LLC increased its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 21.4% in the third quarter. Shaker Financial Services LLC now owns 284,148 shares of the company's stock worth $7,241,000 after purchasing an additional 49,996 shares in the last quarter. Wolverine Asset Management LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 235,640 shares of the company's stock worth $5,919,000 after buying an additional 37,507 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 51.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 46,195 shares of the company's stock worth $1,160,000 after buying an additional 15,666 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 3rd quarter worth $460,000. 23.62% of the stock is currently owned by 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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