Short Interest in Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Drops By 43.8%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 5,400 shares, a decrease of 43.8% from the September 30th total of 9,600 shares. Based on an average trading volume of 99,600 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of large investors have recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the first quarter worth about $330,000. Kingswood Wealth Advisors LLC raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 22.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 17,955 shares of the company’s stock valued at $450,000 after buying an additional 3,346 shares in the last quarter. Register Financial Advisors LLC boosted its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 23.9% in the second quarter. Register Financial Advisors LLC now owns 10,442 shares of the company’s stock valued at $262,000 after buying an additional 2,011 shares during the period. Lynx Investment Advisory acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the second quarter worth approximately $33,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,726 shares of the company’s stock valued at $474,000 after acquiring an additional 1,596 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.6 %

Nuveen Nasdaq 100 Dynamic Overwrite Fund stock traded up $0.16 during mid-day trading on Friday, hitting $25.45. 91,922 shares of the company’s stock traded hands, compared to its average volume of 107,537. The firm has a 50 day simple moving average of $24.85 and a two-hundred day simple moving average of $24.40. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a fifty-two week low of $20.27 and a fifty-two week high of $25.86.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.42 per share. The ex-dividend date was Friday, September 13th. This represents a $1.68 annualized dividend and a yield of 6.60%.

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.