Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sees Significant Growth in Short Interest

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 40,100 shares, an increase of 99.5% from the December 15th total of 20,100 shares. Based on an average daily volume of 98,700 shares, the short-interest ratio is presently 0.4 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

NASDAQ QQQX traded up $0.04 during trading hours on Tuesday, hitting $26.35. The company’s stock had a trading volume of 182,896 shares, compared to its average volume of 135,174. The company’s 50 day simple moving average is $26.61 and its two-hundred day simple moving average is $25.45. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 12 month low of $22.37 and a 12 month high of $27.54.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 8.50%. This is a boost from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, December 13th.

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QQQX. Private Advisor Group LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 39.9% in the 2nd quarter. Private Advisor Group LLC now owns 25,856 shares of the company’s stock worth $648,000 after buying an additional 7,376 shares in the last quarter. Logan Stone Capital LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 501.2% during the second quarter. Logan Stone Capital LLC now owns 132,935 shares of the company’s stock worth $3,334,000 after acquiring an additional 110,822 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 17.5% during the 2nd quarter. NewEdge Advisors LLC now owns 40,396 shares of the company’s stock valued at $1,013,000 after buying an additional 6,022 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter valued at $541,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 3rd quarter worth about $114,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.