Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Short Interest Declines 40.7%

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 55,329 shares, a drop of 40.7% from the August 31st total of 93,241 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 86,030 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

A number of institutional investors have recently bought and sold shares of the company. First Bancorp Inc ME acquired a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 2nd quarter valued at $31,000. IFP Advisors Inc purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 2nd quarter valued at approximately $33,000. Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 2nd quarter worth approximately $70,000. Ascentis Independent Advisors purchased a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the first quarter worth $72,000. Finally, Axiom Investment Management LLC acquired a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 1st quarter valued at about $78,000. 23.60% of the stock is owned by hedge funds and other institutional investors.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.1%

Shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund stock traded up $0.03 on Friday, reaching $30.89. The company’s stock had a trading volume of 60,081 shares, compared to its average volume of 114,679. The stock has a 50-day moving average price of $30.37 and a 200-day moving average price of $29.82. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 52-week low of $25.35 and a 52-week high of $31.87.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.7380 dividend. This represents a $2.95 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend was Tuesday, September 15th.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

(Get Free Report)

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a closed-end fund managed by Nuveen, an investment management firm. The fund seeks to provide total return through a combination of capital appreciation and income by investing primarily in companies represented in the Nasdaq-100 Index.

QQQX uses a dynamic covered-call, or “overwrite,” strategy. It writes call options on selected portfolio holdings or on the Nasdaq-100 Index, adjusting the level of option coverage based on market conditions and other factors.

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