Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Down 55.1% in September

Key Points

• Short interest in the Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) dropped by 55.1% in September, falling from 72,000 shares to 32,300 shares.
• The fund recently declared a quarterly dividend of $0.56, which translates to an annualized dividend of $2.24 and a dividend yield of 8.1%.
• Institutional investors have increased their holdings in the fund, with Harbour Investments Inc. boosting its position by 980% in the first quarter.

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX - ) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 32,300 shares, a decrease of 55.1% from the September 15th total of 72,000 shares. Based on an average trading volume of 113,500 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 113,500 shares, the short-interest ratio is currently 0.3 days.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Down 0.1%

QQQX opened at $27.50 on Monday. The stock has a 50-day moving average price of $27.20 and a 200-day moving average price of $25.78. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Monday, September 15th.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Institutional investors have recently made changes to their positions in the company. Harbour Investments Inc. increased its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 980.0% during the first quarter. Harbour Investments Inc. now owns 1,080 shares of the company's stock valued at $26,000 after acquiring an additional 980 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 2nd quarter worth $59,000. Eastern Bank purchased a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the first quarter worth $54,000. Geneos Wealth Management Inc. raised its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 223.2% in the second quarter. Geneos Wealth Management Inc. now owns 2,521 shares of the company's stock worth $67,000 after purchasing an additional 1,741 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 66.9% during the second quarter. ORG Partners LLC now owns 2,818 shares of the company's stock valued at $74,000 after purchasing an additional 1,130 shares in the last quarter. Hedge funds and other institutional investors own 23.62% of the company's stock.

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.

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