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

Key Points

• Short interest fell sharply: QQQX short interest dropped 40.7% to 55,329 shares as of September 15, representing 0.1% of shares outstanding and a 0.6-day short-interest ratio.
• Institutional ownership increased: Several institutional investors expanded their positions, including Kestra Advisory Services, Allspring Global Investments, and Hennion & Walsh Asset Management. Institutions collectively own 23.6% of the fund.
• Dividend yield remains high: QQQX opened at $30.50 and recently declared a quarterly dividend of $0.738 per share, equivalent to an annualized $2.95 payout and a 9.7% yield.

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 55,329 shares, a decrease of 40.7% from the August 31st total of 93,241 shares. Based on an average daily trading volume, of 86,030 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company's stock are short sold.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC lifted its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 590.2% during the 1st quarter. Kestra Advisory Services LLC now owns 73,344 shares of the company's stock valued at $1,956,000 after buying an additional 62,718 shares during the period. Allspring Global Investments Holdings LLC increased its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 7.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 598,826 shares of the company's stock valued at $15,971,000 after acquiring an additional 41,518 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 136.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 34,937 shares of the company's stock valued at $1,053,000 after acquiring an additional 20,183 shares during the last quarter. Cypress Capital Management LLC WY lifted its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 8.3% in the second quarter. Cypress Capital Management LLC WY now owns 192,683 shares of the company's stock valued at $5,947,000 after acquiring an additional 14,752 shares during the period. Finally, Diversify Wealth Management LLC purchased a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the first quarter worth about $352,000. Institutional investors own 23.60% of the company's stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Price Performance

Shares of QQQX opened at $30.50 on Wednesday. The firm has a 50 day moving average of $30.34 and a 200 day moving average of $29.78. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a twelve month low of $25.35 and a twelve month high of $31.87.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.7380 per share. This represents a $2.95 annualized dividend and a yield of 9.7%. The ex-dividend date is Tuesday, September 15th.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

Nuveen NASDAQ 100 Dynamic Overwrite Fund is a publicly traded closed-end fund managed by Nuveen Fund Advisors. The fund seeks to provide total return and current income by investing primarily in a portfolio of companies included in the Nasdaq-100 Index.

In addition to holding equity securities, the fund uses a dynamic covered-call strategy. It writes call options on some of its portfolio holdings or on the Nasdaq-100 Index, adjusting the level of option coverage in response to market conditions.

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