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

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 47,630 shares, an increase of 140.2% from the November 30th total of 19,833 shares. Based on an average daily volume of 83,185 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 83,185 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Trust LLC bought a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the third quarter valued at $27,000. Advisory Services Network LLC bought a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 3rd quarter valued at about $28,000. Mather Group LLC. acquired a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the third quarter valued at about $35,000. Westfuller Advisors LLC bought a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the third quarter worth about $45,000. Finally, Harbour Investments Inc. raised its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 68.5% in the second quarter. Harbour Investments Inc. now owns 1,820 shares of the company’s stock valued at $48,000 after acquiring an additional 740 shares during the last quarter. Institutional investors own 23.62% of the company’s stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Performance

NASDAQ QQQX traded up $0.04 during trading on Friday, hitting $28.55. The company’s stock had a trading volume of 44,390 shares, compared to its average volume of 130,985. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 52 week low of $20.34 and a 52 week high of $28.63. The firm has a 50 day moving average price of $27.91 and a 200 day moving average price of $27.13.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.24 dividend on an annualized basis and a yield of 7.8%.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

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.