Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Up 883.4% in March

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 112,950 shares, a growth of 883.4% from the February 26th total of 11,486 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 206,373 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 206,373 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Price Performance

QQQX stock opened at $26.87 on Wednesday. The company’s 50-day moving average price is $27.80 and its two-hundred day moving average price is $27.82. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 12 month low of $20.34 and a 12 month high of $28.81.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the third quarter worth $27,000. Advisory Services Network LLC bought a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 3rd quarter valued at $28,000. Mather Group LLC. acquired a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 3rd quarter worth $35,000. Westfuller Advisors LLC acquired a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 3rd quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 527.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,881 shares of the company’s stock worth $54,000 after buying an additional 1,581 shares during the last quarter. 23.61% of the stock is currently owned by institutional investors and hedge funds.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

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.