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

Key Points

• The short interest in the Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) increased by **39.8%**, reaching a total of **122,900 shares** as of July 31st.
• The fund recently announced a quarterly dividend of **$0.56**, translating to an annual yield of **8.4%** based on an annualized dividend of **$2.24**.
• Institutional investors own approximately **23.62%** of the company's stock, with notable stakeholders significantly increasing their positions in the last quarter.

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 122,900 shares, anincreaseof39.8% from the July 15th total of 87,900 shares. Approximately0.3% of the shares of the stock are short sold. Based on an average trading volume of 145,900 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 145,900 shares, the short-interest ratio is presently 0.8 days. Approximately0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its holdings 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 worth $26,000 after buying an additional 980 shares in the last quarter. Bell Investment Advisors Inc purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the second quarter worth about $59,000. Eastern Bank purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the first quarter worth about $54,000. Geneos Wealth Management Inc. lifted its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 223.2% during the 2nd 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 period. Finally, ORG Partners LLC lifted its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 66.9% during the 2nd quarter. ORG Partners LLC now owns 2,818 shares of the company's stock worth $74,000 after purchasing an additional 1,130 shares during the period. Institutional investors and hedge funds own 23.62% of the company's stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Performance

QQQX traded up $0.0650 during midday trading on Monday, reaching $26.7950. 55,918 shares of the company's stock were exchanged, compared to its average volume of 151,997. The business's 50-day moving average price is $26.35 and its 200 day moving average price is $25.23. 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 was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were given a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a yield of 8.4%.

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.