Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX) Trading Down 0.9% – Here’s Why

Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX)’s share price traded down 0.9% during mid-day trading on Thursday . The company traded as low as $15.22 and last traded at $15.31. 112,374 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 100,241 shares. The stock had previously closed at $15.45.

Nuveen Dow 30 Dynamic Overwrite Fund Stock Performance

The stock’s 50 day simple moving average is $15.31 and its two-hundred day simple moving average is $14.88.

Nuveen Dow 30 Dynamic Overwrite Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.301 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 7.7%.

Hedge Funds Weigh In On Nuveen Dow 30 Dynamic Overwrite Fund

Several hedge funds and other institutional investors have recently modified their holdings of DIAX. Calamos Advisors LLC lifted its position in Nuveen Dow 30 Dynamic Overwrite Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 19,454 shares of the company’s stock valued at $290,000 after buying an additional 3,475 shares in the last quarter. Integrated Capital Management Inc. raised its stake in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 14.1% in the 3rd quarter. Integrated Capital Management Inc. now owns 16,572 shares of the company’s stock valued at $247,000 after acquiring an additional 2,044 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 22.6% during the 2nd quarter. Osaic Holdings Inc. now owns 94,562 shares of the company’s stock valued at $1,356,000 after acquiring an additional 17,445 shares in the last quarter. Quantedge Capital Pte Ltd lifted its holdings in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 5.9% during the 2nd quarter. Quantedge Capital Pte Ltd now owns 36,100 shares of the company’s stock valued at $518,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in Nuveen Dow 30 Dynamic Overwrite Fund by 3.6% during the 2nd quarter. Guggenheim Capital LLC now owns 595,485 shares of the company’s stock worth $8,539,000 after purchasing an additional 20,847 shares during the period.

About Nuveen Dow 30 Dynamic Overwrite Fund

Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, 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. It primarily invests in stocks of large cap companies. The fund also invests through call options. It seeks to replicate the performance of Dow Jones Industrial Average.