Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Down 22.7% in August

Key Points

• The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) experienced a 22.7% decrease in short interest in August, bringing the total to 90,400 shares.
• The Fund will pay a quarterly dividend of $0.56 on October 1st, resulting in an annualized yield of 8.3%.
• Institutional investors have shown strong interest, with notable purchases including Harbour Investments increasing its holdings by 980% in the first quarter.

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 90,400 shares, a decrease of 22.7% from the August 15th total of 116,900 shares. Based on an average trading volume of 127,900 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 127,900 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. lifted its position in 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 worth $26,000 after purchasing an additional 980 shares during the period. Bell Investment Advisors Inc bought a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the second quarter valued at $59,000. Eastern Bank bought a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the first quarter valued at $54,000. Geneos Wealth Management Inc. lifted its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 223.2% during the second quarter. Geneos Wealth Management Inc. now owns 2,521 shares of the company's stock valued at $67,000 after acquiring an additional 1,741 shares during the period. 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 acquiring an additional 1,130 shares during the period. 23.62% of the stock is owned by institutional investors.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.4%

Shares of QQQX traded up $0.10 during mid-day trading on Friday, hitting $27.22. The company's stock had a trading volume of 75,077 shares, compared to its average volume of 92,047. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a one year low of $20.34 and a one year high of $27.95. The stock's 50-day moving average is $26.83 and its two-hundred day moving average is $25.32.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Monday, September 15th.

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.