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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 38,300 shares, an increase of 65.1% from the February 13th total of 23,200 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 143,300 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

Shares of NASDAQ QQQX traded up $0.12 during midday trading on Wednesday, reaching $23.96. 215,434 shares of the company traded hands, compared to its average volume of 112,658. 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 moving average price of $26.39 and a 200 day moving average price of $25.99.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors 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 stock. Wells Fargo & Company MN raised its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 1.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,079,535 shares of the company's stock valued at $29,201,000 after purchasing an additional 18,714 shares in the last quarter. Invesco Ltd. raised its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 12.0% during the fourth quarter. Invesco Ltd. now owns 860,866 shares of the company's stock valued at $23,286,000 after purchasing an additional 92,180 shares in the last quarter. Royal Bank of Canada raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.5% in the fourth quarter. Royal Bank of Canada now owns 718,095 shares of the company's stock worth $19,424,000 after acquiring an additional 17,249 shares in the last quarter. 1607 Capital Partners LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 36.4% in the fourth quarter. 1607 Capital Partners LLC now owns 644,987 shares of the company's stock worth $17,447,000 after acquiring an additional 172,132 shares in the last quarter. Finally, LPL Financial LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.5% in the fourth quarter. LPL Financial LLC now owns 505,872 shares of the company's stock worth $13,684,000 after acquiring an additional 2,668 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors.

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Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

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.