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 drop in short interest in the month of February. As of February 15th, there was short interest totalling 23,200 shares, a drop of 53.0% from the January 31st total of 49,400 shares. Based on an average trading volume of 125,600 shares, the days-to-cover ratio is currently 0.2 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

QQQX traded up $0.18 during trading on Friday, reaching $25.91. The stock had a trading volume of 168,231 shares, compared to its average volume of 134,893. The stock has a 50 day moving average of $27.04 and a two-hundred day moving average of $25.99. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1-year low of $22.37 and a 1-year high of $27.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.56 dividend. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.65%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at about $36,000. Griffin Asset Management Inc. bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter worth approximately $205,000. Left Brain Wealth Management LLC acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter valued at approximately $207,000. Hennion & Walsh Asset Management Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter worth approximately $211,000. Finally, Next Level Private LLC acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter worth approximately $215,000. Institutional investors own 23.62% of the company’s stock.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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.