Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 36,500 shares, a decline of 39.1% from the March 15th total of 59,900 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 176,000 shares, the short-interest ratio is presently 0.2 days.
Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund
Hedge funds have recently added to or reduced their stakes in the company. CoreFirst Bank & Trust purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth $36,000. FNY Investment Advisers LLC acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 1st quarter worth about $90,000. Griffin Asset Management Inc. purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at about $205,000. Left Brain Wealth Management LLC acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth about $207,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 23.62% of the company's stock.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 3.1 %
Shares of NASDAQ QQQX traded up $0.67 during mid-day trading on Tuesday, hitting $22.43. The company had a trading volume of 63,586 shares, compared to its average volume of 122,115. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1-year low of $20.34 and a 1-year high of $27.95. The business's 50-day simple moving average is $24.36 and its 200 day simple moving average is $25.71.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.99%. The ex-dividend date of this dividend was Friday, March 14th.
About Nuveen Nasdaq 100 Dynamic Overwrite Fund
(
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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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