Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was the target of a large 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. Currently, 0.2% of the company's stock are short sold. Based on an average trading volume of 171,600 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. lifted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 980.0% in the first quarter. Harbour Investments Inc. now owns 1,080 shares of the company's stock valued at $26,000 after purchasing an additional 980 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at approximately $36,000. Eastern Bank acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 20.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the company's stock valued at $72,000 after purchasing an additional 512 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter valued at approximately $90,000. Institutional investors own 23.62% of the company's stock.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance
QQQX traded down $0.81 during midday trading on Friday, reaching $25.48. The company's stock had a trading volume of 184,468 shares, compared to its average volume of 130,377. 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 fifty day simple moving average of $24.28 and a 200 day simple moving average of $25.48.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend
The company 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 dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.79%.
About Nuveen Nasdaq 100 Dynamic Overwrite Fund
(
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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.
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