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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 49,400 shares, a growth of 162.8% from the January 15th total of 18,800 shares. Based on an average daily volume of 118,800 shares, the short-interest ratio is currently 0.4 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.4 %

Shares of QQQX traded up $0.11 during trading hours on Friday, reaching $27.25. 139,467 shares of the stock traded hands, compared to its average volume of 128,659. The company's 50-day moving average price is $27.07 and its two-hundred day moving average price is $25.80. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 52-week low of $22.37 and a 52-week high of $27.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 8.22%. This is an increase from Nuveen Nasdaq 100 Dynamic Overwrite Fund's previous quarterly dividend of $0.42. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QQQX. Sanctuary Advisors LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter worth about $541,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 3rd quarter valued at approximately $114,000. Raymond James & Associates increased its stake 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 acquiring an additional 17,065 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 3rd quarter worth approximately $4,669,000. Finally, International Assets Investment Management LLC boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2,422.3% during the 3rd quarter. International Assets Investment Management LLC now owns 371,034 shares of the company's stock valued at $9,320,000 after acquiring an additional 356,324 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.