Short Interest in Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Drops By 83.1%

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 8,514 shares, a decline of 83.1% from the January 15th total of 50,399 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 133,079 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 133,079 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 39,013 shares of the company’s stock worth $927,000 after buying an additional 1,582 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 11.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,006 shares of the company’s stock valued at $285,000 after acquiring an additional 1,200 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 20.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 503,646 shares of the company’s stock worth $13,332,000 after acquiring an additional 85,328 shares during the period. Griffin Asset Management Inc. purchased a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the second quarter worth $201,000. Finally, Harbour Investments Inc. raised its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 68.5% during the second quarter. Harbour Investments Inc. now owns 1,820 shares of the company’s stock worth $48,000 after purchasing an additional 740 shares during the last quarter. 23.61% of the stock is owned by hedge funds and other institutional investors.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Trading Up 0.1%

Shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund stock opened at $27.92 on Wednesday. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1-year low of $20.34 and a 1-year high of $28.81. The company’s fifty day simple moving average is $28.23 and its 200-day simple moving average is $27.65.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, December 15th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.0%.

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.