Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Up 65.1% in February

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 38,300 shares, an increase of 65.1% from the February 13th total of 23,200 shares. Based on an average daily volume of 143,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.2 %

Shares of NASDAQ QQQX opened at $24.20 on Monday. The company has a 50 day simple moving average of $26.57 and a two-hundred day simple moving average of $26.01. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a fifty-two week low of $22.37 and a fifty-two week high of $27.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.24 dividend on an annualized basis and a yield of 9.26%.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings 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 buying an additional 15,666 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at $460,000. Great Valley Advisor Group Inc. lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.2% in the third quarter. Great Valley Advisor Group Inc. now owns 33,745 shares of the company’s stock worth $847,000 after purchasing an additional 1,361 shares during the last quarter. Walleye Capital LLC lifted its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 83.2% during the 3rd quarter. Walleye Capital LLC now owns 14,696 shares of the company’s stock worth $369,000 after acquiring an additional 6,672 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 7.7% during the third quarter. HighTower Advisors LLC now owns 268,019 shares of the company’s stock valued at $6,722,000 after purchasing an additional 19,185 shares during the period. Institutional investors 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.