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

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 47,630 shares, an increase of 140.2% from the November 30th total of 19,833 shares. Based on an average daily volume of 83,185 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 83,185 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 2.7% in the third quarter. Invesco Ltd. now owns 845,225 shares of the company’s stock worth $23,210,000 after acquiring an additional 22,215 shares during the period. UBS Group AG lifted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.6% during the third quarter. UBS Group AG now owns 748,593 shares of the company’s stock valued at $20,556,000 after purchasing an additional 12,122 shares during the period. Royal Bank of Canada boosted its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 3.0% in the first quarter. Royal Bank of Canada now owns 739,529 shares of the company’s stock valued at $17,564,000 after purchasing an additional 21,434 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 7.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 541,397 shares of the company’s stock worth $14,867,000 after purchasing an additional 37,751 shares during the period. Finally, 1607 Capital Partners LLC grew its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.3% during the 3rd quarter. 1607 Capital Partners LLC now owns 524,120 shares of the company’s stock worth $14,392,000 after purchasing an additional 1,797 shares during the period. 23.62% of the stock is owned by hedge funds and other institutional investors.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.0%

QQQX stock traded up $0.01 on Friday, hitting $28.52. 51,273 shares of the company’s stock were exchanged, compared to its average volume of 74,552. The firm has a 50 day moving average price of $27.93 and a two-hundred day moving average price of $27.16. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 12-month low of $20.34 and a 12-month high of $28.63.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, December 15th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 7.9%.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a closed-end management investment company that seeks to provide investors with a high level of current income while maintaining prospects for capital appreciation. The fund primarily invests in the equity securities included in the NASDAQ-100 Index, giving investors exposure to leading U.S. companies in the technology, consumer services, healthcare and industrial sectors. As a publicly traded fund, QQQX offers daily liquidity through its listing on the Nasdaq Stock Market.

In pursuit of its income objective, QQQX employs a dynamic covered call strategy, writing call options on its NASDAQ-100 holdings to generate option premium.