Short Interest in Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Increases By 153.7%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a significant growth in short interest in 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 daily volume of 94,800 shares, the short-interest ratio is presently 0.1 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Down 0.2 %

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund stock traded down $0.04 on Wednesday, hitting $26.22. The company had a trading volume of 55,887 shares, compared to its average volume of 105,835. The business 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 52 week low of $22.29 and a 52 week high of $26.32.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date was Friday, September 13th.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC increased its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.4% during the second quarter. Wolverine Asset Management LLC now owns 198,133 shares of the company’s stock valued at $4,969,000 after purchasing an additional 4,594 shares during the period. Financial Advocates Investment Management raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 11.9% in the 2nd quarter. Financial Advocates Investment Management now owns 13,345 shares of the company’s stock valued at $335,000 after buying an additional 1,416 shares during the last quarter. Fairman Group LLC acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the second quarter valued at approximately $51,000. Aspen Investment Management Inc acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 2nd quarter worth about $204,000. Finally, Dakota Wealth Management grew its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 52.4% in the second quarter. Dakota Wealth Management now owns 19,630 shares of the company’s stock valued at $492,000 after purchasing an additional 6,750 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

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.