Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Update

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 8,514 shares, a decrease of 83.1% from the January 15th total of 50,399 shares. Based on an average daily volume of 133,079 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 133,079 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently modified their holdings of QQQX. NewEdge Advisors LLC lifted its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 39,013 shares of the company’s stock valued at $927,000 after acquiring an additional 1,582 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 11.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,006 shares of the company’s stock worth $285,000 after purchasing an additional 1,200 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 20.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 503,646 shares of the company’s stock valued at $13,332,000 after purchasing an additional 85,328 shares during the last quarter. Griffin Asset Management Inc. bought a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the second quarter worth approximately $201,000. Finally, Harbour Investments Inc. grew its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 68.5% in the second quarter. Harbour Investments Inc. now owns 1,820 shares of the company’s stock worth $48,000 after buying an additional 740 shares during the last quarter. Institutional investors own 23.61% of the company’s stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Performance

Shares of NASDAQ QQQX traded down $0.02 during midday trading on Tuesday, hitting $27.86. 98,074 shares of the company’s stock were exchanged, compared to its average volume of 125,356. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a twelve month low of $20.34 and a twelve month high of $28.81. The stock’s 50 day moving average price is $28.23 and its 200-day moving average price is $27.65.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, December 15th.

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.