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 decrease in short interest during the month of September. As of September 15th, there was short interest totaling 55,329 shares, a decrease of 40.7% from the August 31st total of 93,241 shares. Based on an average daily trading volume, of 86,030 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the second quarter worth about $70,000. NewEdge Advisors LLC raised its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 5.5% in the second quarter. NewEdge Advisors LLC now owns 57,584 shares of the company’s stock worth $1,736,000 after buying an additional 3,000 shares during the period. Cypress Capital Management LLC WY lifted its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 8.3% during the 2nd quarter. Cypress Capital Management LLC WY now owns 192,683 shares of the company’s stock valued at $5,947,000 after buying an additional 14,752 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 2nd quarter valued at about $33,000. Finally, Baird Financial Group Inc. lifted its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 12.1% during the 2nd quarter. Baird Financial Group Inc. now owns 23,835 shares of the company’s stock valued at $718,000 after buying an additional 2,574 shares in the last quarter. 23.60% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Trading Up 0.5%

Shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund stock opened at $30.50 on Wednesday. The company’s fifty day simple moving average is $30.34 and its 200-day simple moving average is $29.78. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1-year low of $25.35 and a 1-year high of $31.87.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.7380 dividend. This represents a $2.95 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

Nuveen NASDAQ 100 Dynamic Overwrite Fund is a publicly traded closed-end fund managed by Nuveen Fund Advisors. The fund seeks to provide total return and current income by investing primarily in a portfolio of companies included in the Nasdaq-100 Index.

In addition to holding equity securities, the fund uses a dynamic covered-call strategy. It writes call options on some of its portfolio holdings or on the Nasdaq-100 Index, adjusting the level of option coverage in response to market conditions.