Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Down 42.4% in May

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 75,779 shares, a decline of 42.4% from the April 30th total of 131,489 shares. Based on an average trading volume of 82,278 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. High Point Wealth Management LLC acquired a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the fourth quarter worth $1,130,000. PFG Investments LLC boosted its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 230.4% during the fourth quarter. PFG Investments LLC now owns 25,925 shares of the company’s stock worth $739,000 after buying an additional 18,079 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 11.0% during the fourth quarter. Diversify Advisory Services LLC now owns 13,165 shares of the company’s stock worth $372,000 after buying an additional 1,300 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 12.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 30,348 shares of the company’s stock worth $866,000 after buying an additional 3,331 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 104.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,670 shares of the company’s stock valued at $447,000 after acquiring an additional 8,009 shares during the period. Institutional investors own 23.60% of the company’s stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Trading Down 0.4%

QQQX stock traded down $0.13 on Thursday, reaching $31.06. 42,766 shares of the company were exchanged, compared to its average volume of 120,319. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 12 month low of $25.00 and a 12 month high of $31.87. The stock’s fifty day moving average price is $29.44 and its 200 day moving average price is $28.46.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.738 per share. This represents a $2.95 dividend on an annualized basis and a yield of 9.5%. This is an increase from Nuveen NASDAQ 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is 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.