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

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 75,779 shares, a decrease of 42.4% from the April 30th total of 131,489 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 82,278 shares, the short-interest ratio is currently 0.9 days.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Trading Up 0.2%

QQQX traded up $0.05 on Tuesday, reaching $31.66. The company’s stock had a trading volume of 66,052 shares, compared to its average volume of 79,529. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1 year low of $25.00 and a 1 year high of $31.87. The business’s 50 day moving average is $29.26 and its 200 day moving average is $28.41.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.738 per share. The ex-dividend date is Monday, June 15th. This is an increase from Nuveen NASDAQ 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.62. This represents a $2.95 annualized dividend and a yield of 9.3%.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently bought and sold shares of QQQX. Clearstead Trust LLC acquired a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 3rd quarter worth approximately $27,000. Advisory Services Network LLC acquired a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 527.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,881 shares of the company’s stock worth $54,000 after purchasing an additional 1,581 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 223.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,521 shares of the company’s stock worth $67,000 after purchasing an additional 1,741 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 1st quarter worth approximately $72,000. Institutional investors and hedge funds own 23.60% of the company’s stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

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.