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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,700 shares, a growth of 153.7% from the October 15th total of 5,400 shares. Based on an average trading volume of 94,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QQQX. Great Valley Advisor Group Inc. boosted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 33,745 shares of the company’s stock valued at $847,000 after acquiring an additional 1,361 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the third quarter valued at about $460,000. PNC Financial Services Group Inc. increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 51.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 46,195 shares of the company’s stock worth $1,160,000 after acquiring an additional 15,666 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 235,640 shares of the company’s stock valued at $5,919,000 after acquiring an additional 37,507 shares during the last quarter. Finally, Shaker Financial Services LLC raised its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 21.4% in the third quarter. Shaker Financial Services LLC now owns 284,148 shares of the company’s stock valued at $7,241,000 after acquiring an additional 49,996 shares during the period. Institutional investors own 23.62% of the company’s stock.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

Shares of NASDAQ:QQQX traded down $0.04 on Wednesday, hitting $26.22. The company’s stock had a trading volume of 55,887 shares, compared to its average volume of 105,835. The company has a 50-day simple moving average of $25.10 and a 200 day simple moving average of $24.64. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1 year low of $22.29 and a 1 year high of $26.32.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend was Friday, September 13th.

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.