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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 34,000 shares, a decline of 23.9% from the March 31st total of 44,700 shares. Based on an average trading volume of 132,600 shares, the short-interest ratio is presently 0.3 days.

Shares of QQQX stock traded down $0.17 on Tuesday, reaching $28.08. 164,027 shares of the stock were exchanged, compared to its average volume of 130,849. The business’s 50 day moving average price is $27.80 and its 200 day moving average price is $26.21. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a twelve month low of $21.50 and a twelve month high of $28.63.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Monday, March 15th were given a $0.449 dividend. This is an increase from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 6.40%. The ex-dividend date was Friday, March 12th.

Several large investors have recently modified their holdings of QQQX. Envestnet Asset Management Inc. lifted its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 41.3% during the first quarter. Envestnet Asset Management Inc. now owns 16,957 shares of the company’s stock valued at $461,000 after buying an additional 4,955 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 31,511 shares of the company’s stock valued at $856,000 after buying an additional 2,510 shares in the last quarter. TCI Wealth Advisors Inc. bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 1st quarter valued at about $27,000. US Bancorp DE increased its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 42.1% in the first quarter. US Bancorp DE now owns 1,421 shares of the company’s stock valued at $39,000 after buying an additional 421 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 62.7% in the first quarter. CWM LLC now owns 6,699 shares of the company’s stock valued at $182,000 after buying an additional 2,582 shares in the last quarter. Institutional investors and hedge funds own 19.65% of the company’s stock.

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.

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