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


Share on StockTwits

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 34,000 shares, a decline of 23.9% from the March 31st total of 44,700 shares. Based on an average daily trading volume, of 132,600 shares, the short-interest ratio is presently 0.3 days.

Several large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 41.3% in the first quarter. Envestnet Asset Management Inc. now owns 16,957 shares of the company’s stock worth $461,000 after purchasing an additional 4,955 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.7% during the first quarter. Flagship Harbor Advisors LLC now owns 31,511 shares of the company’s stock valued at $856,000 after acquiring an additional 2,510 shares during the period. TCI Wealth Advisors Inc. acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the first quarter valued at $27,000. US Bancorp DE boosted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 42.1% during the first quarter. US Bancorp DE now owns 1,421 shares of the company’s stock valued at $39,000 after acquiring an additional 421 shares during the period. Finally, CWM LLC boosted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 62.7% during the first quarter. CWM LLC now owns 6,699 shares of the company’s stock valued at $182,000 after acquiring an additional 2,582 shares during the period. Institutional investors and hedge funds own 19.65% of the company’s stock.

Shares of NASDAQ:QQQX traded down $0.17 during midday trading on Tuesday, reaching $28.08. The company had a trading volume of 164,027 shares, compared to its average volume of 130,849. The stock’s fifty day moving average price is $27.80 and its 200-day moving average price is $26.21. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a one year low of $21.50 and a one year high of $28.63.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 15th were paid a $0.449 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend was Friday, March 12th. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.39.

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.

Further Reading: How to track put option volume

Receive News & Ratings for Nuveen Nasdaq 100 Dynamic Overwrite Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Nasdaq 100 Dynamic Overwrite Fund and related companies with MarketBeat.com's FREE daily email newsletter.