Short Interest in Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Expands By 50.0%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 10,500 shares, an increase of 50.0% from the August 15th total of 7,000 shares. Based on an average trading volume of 97,300 shares, the short-interest ratio is presently 0.1 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Down 1.1 %

QQQX stock traded down $0.24 during mid-day trading on Friday, hitting $22.31. The company had a trading volume of 184,716 shares, compared to its average volume of 85,949. The company has a 50-day moving average price of $23.84 and a 200 day moving average price of $23.98. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 12-month low of $19.93 and a 12-month high of $25.99.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date of this dividend is Thursday, September 14th.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter valued at $202,000. TriaGen Wealth Management LLC purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter worth $232,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 1.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 242,372 shares of the company’s stock valued at $5,802,000 after buying an additional 3,411 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 173.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 31,417 shares of the company’s stock valued at $642,000 after acquiring an additional 19,910 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth about $90,000. Hedge funds and other institutional investors own 20.73% of the company’s stock.

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.