Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 18,800 shares, a drop of 53.1% from the December 31st total of 40,100 shares. Based on an average trading volume of 111,000 shares, the days-to-cover ratio is currently 0.2 days.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Down 1.2 %
Nuveen Nasdaq 100 Dynamic Overwrite Fund stock traded down $0.32 during mid-day trading on Monday, hitting $27.05. 136,003 shares of the company traded hands, compared to its average volume of 135,672. The stock has a fifty day moving average price of $26.97 and a 200-day moving average price of $25.62. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a one year low of $22.37 and a one year 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 paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date was Friday, December 13th. This is a boost from Nuveen Nasdaq 100 Dynamic Overwrite Fund's previous quarterly dividend of $0.42.
Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter worth $114,000. Griffin Asset Management Inc. purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter worth about $205,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at about $211,000. Next Level Private LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at about $215,000. Finally, Sovran Advisors LLC purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter valued at about $244,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Nuveen Nasdaq 100 Dynamic Overwrite Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Nasdaq 100 Dynamic Overwrite Fund wasn't on the list.
While Nuveen Nasdaq 100 Dynamic Overwrite Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
