Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Short Interest Rises 123.0%

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 134,490 shares, an increase of 123.0% from the September 30th total of 60,317 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 126,100 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.3% during the first quarter. Royal Bank of Canada now owns 745,857 shares of the company’s stock valued at $19,892,000 after purchasing an additional 2,177 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 7.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 598,826 shares of the company’s stock worth $15,971,000 after purchasing an additional 41,518 shares during the period. Bank of America Corp DE increased its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 3.1% during the first quarter. Bank of America Corp DE now owns 375,648 shares of the company’s stock valued at $10,019,000 after purchasing an additional 11,219 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.8% during the first quarter. Janney Montgomery Scott LLC now owns 235,769 shares of the company’s stock valued at $6,288,000 after buying an additional 1,880 shares during the last quarter. Finally, Cypress Capital Management LLC WY raised its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 8.3% during the second quarter. Cypress Capital Management LLC WY now owns 192,683 shares of the company’s stock valued at $5,947,000 after purchasing an additional 14,752 shares during the last quarter. Hedge funds and other institutional investors own 23.60% of the company’s stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Performance

Shares of NASDAQ:QQQX traded down $0.68 on Friday, reaching $30.19. 59,324 shares of the company’s stock were exchanged, compared to its average volume of 113,518. The company has a fifty day moving average of $30.55 and a 200-day moving average of $29.50. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a twelve month low of $25.35 and a twelve month high of $31.87.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.7380 per share. This represents a $2.95 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Tuesday, September 15th.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a listed closed-end fund managed by Nuveen. The fund seeks to provide total return and current income through a portfolio designed to participate in the performance of companies included in the Nasdaq-100 Index.

QQQX uses a dynamic covered-call strategy, writing call options on a portion of its portfolio while maintaining exposure to large-cap growth-oriented equities. Option writing may generate income and can affect the fund’s participation in market gains and losses.

The fund primarily invests in publicly traded companies in the United States and other businesses represented in the Nasdaq-100 Index.