Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Update

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 77,329 shares, an increase of 66.6% from the June 30th total of 46,406 shares. Based on an average daily volume of 134,377 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several hedge funds have recently modified their holdings of QQQX. Advisory Services Network LLC acquired a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 527.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,881 shares of the company’s stock worth $54,000 after purchasing an additional 1,581 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 223.2% during the second quarter. Geneos Wealth Management Inc. now owns 2,521 shares of the company’s stock worth $67,000 after purchasing an additional 1,741 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the first quarter valued at approximately $72,000. Finally, Axiom Investment Management LLC acquired a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the first quarter valued at approximately $78,000. 23.60% of the stock is owned by hedge funds and other institutional investors.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Price Performance

Shares of NASDAQ QQQX opened at $29.51 on Friday. The company’s fifty day moving average price is $30.14 and its 200 day moving average price is $29.01. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1 year low of $25.35 and a 1 year high of $31.87.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.738 dividend. This represents a $2.95 dividend on an annualized basis and a dividend yield of 10.0%. This is an increase from Nuveen NASDAQ 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, June 15th.

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.