Short Interest in Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Rises By 65.1%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 38,300 shares, a growth of 65.1% from the February 13th total of 23,200 shares. Based on an average daily trading volume, of 143,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.2 %

NASDAQ QQQX traded up $0.06 on Friday, hitting $24.20. 147,369 shares of the stock traded hands, compared to its average volume of 112,178. The stock has a 50-day moving average of $26.57 and a 200 day moving average of $25.99. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a twelve month low of $22.37 and a twelve month high of $27.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, March 14th. This represents a $2.24 annualized dividend and a yield of 9.26%.

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 1.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,079,535 shares of the company’s stock worth $29,201,000 after acquiring an additional 18,714 shares during the period. Invesco Ltd. increased its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 12.0% in the fourth quarter. Invesco Ltd. now owns 860,866 shares of the company’s stock worth $23,286,000 after buying an additional 92,180 shares during the period. Royal Bank of Canada lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.5% in the fourth quarter. Royal Bank of Canada now owns 718,095 shares of the company’s stock valued at $19,424,000 after buying an additional 17,249 shares during the last quarter. 1607 Capital Partners LLC grew its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 36.4% during the fourth quarter. 1607 Capital Partners LLC now owns 644,987 shares of the company’s stock worth $17,447,000 after acquiring an additional 172,132 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.5% in the 4th quarter. LPL Financial LLC now owns 505,872 shares of the company’s stock worth $13,684,000 after acquiring an additional 2,668 shares during the period. 23.62% of the stock is owned by institutional investors and hedge funds.

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.