Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sees Large Decrease in Short Interest

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totalling 16,700 shares, a decline of 22.7% from the July 15th total of 21,600 shares. Based on an average daily trading volume, of 101,000 shares, the short-interest ratio is presently 0.2 days.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

Nuveen Nasdaq 100 Dynamic Overwrite Fund stock traded up $0.13 during trading hours on Friday, hitting $24.67. 102,297 shares of the stock were exchanged, compared to its average volume of 110,043. The business’s 50-day moving average is $24.67 and its two-hundred day moving average is $24.01. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 12 month low of $20.27 and a 12 month high of $25.86.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.68 dividend on an annualized basis and a yield of 6.81%.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter valued at $29,000. Lynx Investment Advisory acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 2nd quarter valued at about $33,000. Fairman Group LLC bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter worth about $51,000. ORG Partners LLC acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the first quarter worth approximately $72,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 153.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,975 shares of the company’s stock worth $161,000 after purchasing an additional 4,225 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

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.