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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 18,800 shares, a decrease of 53.1% from the December 31st total of 40,100 shares. Based on an average daily volume of 111,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the third quarter worth $114,000. Griffin Asset Management Inc. purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter worth $205,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter worth $211,000. Next Level Private LLC purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter worth $215,000. Finally, Sovran Advisors LLC purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter worth $244,000. 23.62% of the stock is owned by institutional investors and hedge funds.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

NASDAQ QQQX remained flat at $27.30 on Thursday. 131,704 shares of the company traded hands, compared to its average volume of 136,378. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 12 month low of $22.37 and a 12 month high of $27.95. The company’s 50-day moving average price is $26.91 and its two-hundred day moving average price is $25.59.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.56 dividend. The ex-dividend date was Friday, December 13th. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.21%.

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.