Short Interest in Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Drops By 53.0%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 23,200 shares, a decline of 53.0% from the January 31st total of 49,400 shares. Based on an average daily trading volume, of 125,600 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.7 %

Shares of NASDAQ QQQX traded up $0.18 during trading hours on Friday, hitting $25.91. The stock had a trading volume of 168,231 shares, compared to its average volume of 134,893. The firm’s 50-day moving average price is $27.04 and its two-hundred day moving average price is $25.99. 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 announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 8.65%. 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

Several hedge funds have recently modified their holdings of QQQX. CoreFirst Bank & Trust bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter worth $36,000. Griffin Asset Management Inc. bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at approximately $205,000. Left Brain Wealth Management LLC bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at approximately $207,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter worth approximately $211,000. Finally, Next Level Private LLC bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter worth approximately $215,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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.