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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 40,600 shares, an increase of 17.7% from the April 30th total of 34,500 shares. Based on an average daily trading volume, of 170,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 1.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,079,535 shares of the company's stock worth $29,201,000 after buying an additional 18,714 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 12.0% in the 4th quarter. Invesco Ltd. now owns 860,866 shares of the company's stock worth $23,286,000 after acquiring an additional 92,180 shares during the period. Royal Bank of Canada grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.0% in the 1st quarter. Royal Bank of Canada now owns 739,529 shares of the company's stock worth $17,564,000 after acquiring an additional 21,434 shares during the period. 1607 Capital Partners LLC grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 36.4% in 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 during the period. Finally, LPL Financial LLC grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.5% in the 4th quarter. LPL Financial LLC now owns 505,872 shares of the company's stock worth $13,684,000 after acquiring an additional 2,668 shares during the period. 23.62% of the stock is owned by hedge funds and other institutional investors.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

Shares of QQQX stock traded up $0.85 during trading hours on Friday, reaching $25.98. 827,129 shares of the company's stock were exchanged, compared to its average volume of 128,492. The company's 50 day moving average is $23.89 and its two-hundred day moving average is $25.48. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1 year low of $20.34 and a 1 year high of $27.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date of this dividend is Friday, June 13th.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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.