Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Up 162.8% in January

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 49,400 shares, an increase of 162.8% from the January 15th total of 18,800 shares. Based on an average daily trading volume, of 118,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter worth approximately $114,000. Griffin Asset Management Inc. bought a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter valued at approximately $205,000. Left Brain Wealth Management LLC acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at approximately $207,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter worth approximately $211,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.2 %

QQQX stock traded up $0.06 during midday trading on Wednesday, reaching $27.05. The company had a trading volume of 244,273 shares, compared to its average volume of 134,524. The company has a 50 day moving average of $27.07 and a two-hundred day moving average of $25.74. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1 year low of $22.37 and a 1 year high of $27.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.56 per share. This is a boost from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.24 dividend on an annualized basis and a yield of 8.28%.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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.