Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX – Get Free Report) fell 2.1% during trading on Tuesday . The stock traded as low as $29.00 and last traded at $29.25. Approximately 71,828 shares traded hands during trading, a decline of 18% from the average session volume of 87,299 shares. The stock had previously closed at $29.88.
Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Down 0.1%
The company’s fifty day moving average is $30.28 and its 200 day moving average is $28.73.
Nuveen NASDAQ 100 Dynamic Overwrite Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.738 per share. This is a positive change from Nuveen NASDAQ 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.61. This represents a $2.95 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Monday, June 15th.
Institutional Inflows and Outflows
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.
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