Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Short Interest Rises 123.0%

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 134,490 shares, a growth of 123.0% from the September 30th total of 60,317 shares. Based on an average daily trading volume, of 126,100 shares, the short-interest ratio is currently 1.1 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 83.6% in the third quarter. International Assets Investment Management LLC now owns 25,000 shares of the company’s stock valued at $761,000 after buying an additional 11,385 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 23.6% in the 3rd quarter. Wedbush Securities Inc. now owns 19,706 shares of the company’s stock valued at $600,000 after purchasing an additional 3,765 shares in the last quarter. Trellis Wealth Advisors LLC purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 3rd quarter worth about $53,000. Farther Finance Advisors LLC raised its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 16.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,044 shares of the company’s stock valued at $214,000 after purchasing an additional 977 shares during the last quarter. Finally, Eastern Bank increased its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 112.5% during the 3rd quarter. Eastern Bank now owns 4,872 shares of the company’s stock valued at $148,000 after acquiring an additional 2,579 shares during the last quarter. 23.60% of the stock is owned by institutional investors and hedge funds.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Down 2.5%

Shares of QQQX stock traded down $0.78 on Friday, reaching $30.09. 105,589 shares of the company were exchanged, compared to its average volume of 103,063. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1 year low of $25.35 and a 1 year high of $31.87. The business has a 50-day moving average price of $30.55 and a 200 day moving average price of $29.51.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.7380 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.95 dividend on an annualized basis and a yield of 9.8%.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a listed closed-end fund managed by Nuveen. The fund seeks to provide total return and current income through a portfolio designed to participate in the performance of companies included in the Nasdaq-100 Index.

QQQX uses a dynamic covered-call strategy, writing call options on a portion of its portfolio while maintaining exposure to large-cap growth-oriented equities. Option writing may generate income and can affect the fund’s participation in market gains and losses.

The fund primarily invests in publicly traded companies in the United States and other businesses represented in the Nasdaq-100 Index.