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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 19,200 shares, a decline of 74.1% from the September 15th total of 74,000 shares. Based on an average daily volume of 94,400 shares, the short-interest ratio is currently 0.2 days.

QQQX opened at $28.50 on Thursday. The firm has a 50 day moving average price of $29.40 and a 200-day moving average price of $28.85. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a twelve month low of $22.23 and a twelve month high of $30.84.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 1st. Shareholders of record on Wednesday, September 15th were issued a dividend of $0.449 per share. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $1.80 dividend on an annualized basis and a yield of 6.30%.

A number of hedge funds have recently made changes to their positions in the business. Schnieders Capital Management LLC increased its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.8% during the second quarter. Schnieders Capital Management LLC now owns 42,046 shares of the company’s stock valued at $1,235,000 after buying an additional 350 shares during the last quarter. MONECO Advisors LLC boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.5% in the first quarter. MONECO Advisors LLC now owns 87,024 shares of the company’s stock worth $2,365,000 after purchasing an additional 456 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.5% in the second quarter. Commonwealth Equity Services LLC now owns 84,297 shares of the company’s stock worth $2,476,000 after purchasing an additional 456 shares during the period. Stephens Inc. AR boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.2% in the first quarter. Stephens Inc. AR now owns 37,635 shares of the company’s stock worth $1,023,000 after purchasing an additional 800 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 17.5% in the first quarter. Rockefeller Capital Management L.P. now owns 6,055 shares of the company’s stock worth $164,000 after purchasing an additional 900 shares during the period. 21.36% of the stock is owned by institutional investors and hedge funds.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

Nuveen NASDAQ 100 Dynamic Overwrite Fund is a closed-end investment fund. Its investment objective is to seek attractive total return with less volatility than the Nasdaq 100 Index. The company was founded on January 30, 2007 and is headquartered in Chicago, IL.

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