Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Up 140.2% in December

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 47,630 shares, an increase of 140.2% from the November 30th total of 19,833 shares. Based on an average daily trading volume, of 83,185 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 83,185 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.1%

Shares of NASDAQ:QQQX traded up $0.04 during mid-day trading on Friday, hitting $28.55. The stock had a trading volume of 44,390 shares, compared to its average volume of 130,985. The company’s 50 day moving average is $27.91 and its 200-day moving average is $27.13. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 12-month low of $20.34 and a 12-month high of $28.63.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

A number of hedge funds have recently made changes to their positions in QQQX. Invesco Ltd. lifted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 2.7% in the 3rd quarter. Invesco Ltd. now owns 845,225 shares of the company’s stock worth $23,210,000 after buying an additional 22,215 shares in the last quarter. UBS Group AG raised its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.6% during the third quarter. UBS Group AG now owns 748,593 shares of the company’s stock worth $20,556,000 after acquiring an additional 12,122 shares in the last quarter. Royal Bank of Canada grew its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 3.0% in the first quarter. Royal Bank of Canada now owns 739,529 shares of the company’s stock valued at $17,564,000 after purchasing an additional 21,434 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 7.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 541,397 shares of the company’s stock worth $14,867,000 after purchasing an additional 37,751 shares during the last quarter. Finally, 1607 Capital Partners LLC raised its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.3% during the 3rd quarter. 1607 Capital Partners LLC now owns 524,120 shares of the company’s stock worth $14,392,000 after purchasing an additional 1,797 shares in the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a closed-end management investment company that seeks to provide investors with a high level of current income while maintaining prospects for capital appreciation. The fund primarily invests in the equity securities included in the NASDAQ-100 Index, giving investors exposure to leading U.S. companies in the technology, consumer services, healthcare and industrial sectors. As a publicly traded fund, QQQX offers daily liquidity through its listing on the Nasdaq Stock Market.

In pursuit of its income objective, QQQX employs a dynamic covered call strategy, writing call options on its NASDAQ-100 holdings to generate option premium.