Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Update

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 38,300 shares, an increase of 65.1% from the February 13th total of 23,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 143,300 shares, the short-interest ratio is currently 0.3 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.2 %

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund stock traded up $0.06 during trading on Friday, hitting $24.20. 147,369 shares of the company were exchanged, compared to its average volume of 112,220. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a fifty-two week low of $22.37 and a fifty-two week high of $27.95. The firm has a 50 day moving average price of $26.57 and a 200 day moving average price of $26.00.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.56 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.24 annualized dividend and a yield of 9.26%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QQQX. Royal Bank of Canada grew its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.5% during the 4th quarter. Royal Bank of Canada now owns 718,095 shares of the company’s stock valued at $19,424,000 after buying an additional 17,249 shares during the period. Quantedge Capital Pte Ltd grew its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 30.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 15,300 shares of the company’s stock valued at $414,000 after buying an additional 3,600 shares during the period. Bank of America Corp DE grew its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.6% during the 4th quarter. Bank of America Corp DE now owns 422,296 shares of the company’s stock valued at $11,423,000 after buying an additional 10,690 shares during the period. Alteri Wealth LLC purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth $556,000. Finally, AQR Arbitrage LLC boosted its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.4% during the 4th quarter. AQR Arbitrage LLC now owns 214,012 shares of the company’s stock worth $5,789,000 after purchasing an additional 33,317 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.