Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Up 96.8% in May

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 79,900 shares, an increase of 96.8% from the May 15th total of 40,600 shares. Based on an average daily volume of 171,600 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the fourth quarter worth $10,319,000. 1607 Capital Partners LLC boosted its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 36.4% during the 4th quarter. 1607 Capital Partners LLC now owns 644,987 shares of the company's stock worth $17,447,000 after acquiring an additional 172,132 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 45.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 418,318 shares of the company's stock worth $9,935,000 after purchasing an additional 130,637 shares in the last quarter. Invesco Ltd. boosted its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 12.0% in the fourth quarter. Invesco Ltd. now owns 860,866 shares of the company's stock valued at $23,286,000 after acquiring an additional 92,180 shares in the last quarter. Finally, Cypress Capital Management LLC WY purchased a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 1st quarter worth approximately $1,563,000. Hedge funds and other institutional investors own 23.62% of the company's stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Performance

Shares of QQQX stock traded down $0.26 on Tuesday, hitting $25.37. The company had a trading volume of 157,412 shares, compared to its average volume of 129,721. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a twelve month low of $20.34 and a twelve month high of $27.95. The company has a 50-day moving average price of $24.37 and a 200-day moving average price of $25.47.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.56 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.83%.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.