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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 36,500 shares, a decline of 39.1% from the March 15th total of 59,900 shares. Based on an average daily volume of 176,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter worth approximately $10,319,000. 1607 Capital Partners LLC raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 36.4% in the fourth quarter. 1607 Capital Partners LLC now owns 644,987 shares of the company’s stock worth $17,447,000 after buying an additional 172,132 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 54.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 287,681 shares of the company’s stock valued at $7,782,000 after buying an additional 101,821 shares during the period. Invesco Ltd. grew its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 12.0% during 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 in the last quarter. Finally, NBC Securities Inc. increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 204,148.1% in the 1st quarter. NBC Securities Inc. now owns 55,147 shares of the company’s stock worth $1,309,000 after acquiring an additional 55,120 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

Shares of NASDAQ:QQQX traded down $0.22 during midday trading on Friday, reaching $22.38. 222,833 shares of the company traded hands, compared to its average volume of 122,138. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 12 month low of $20.34 and a 12 month high of $27.95. The firm’s fifty day moving average price is $24.56 and its two-hundred day moving average price is $25.74.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 10.01%. The ex-dividend date of this dividend was Friday, March 14th.

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.