Short Interest in Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Increases By 39.8%

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 - ) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 122,900 shares, agrowthof39.8% from the July 15th total of 87,900 shares. Approximately0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 145,900 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 145,900 shares, the short-interest ratio is presently 0.8 days. Approximately0.3% of the shares of the stock are sold short.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Price Performance

Shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund stock opened at $26.72 on Wednesday. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a twelve month low of $20.34 and a twelve month high of $27.95. The company's fifty day moving average is $26.31 and its 200 day moving average is $25.25.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid a $0.56 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.4%.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

Institutional investors have recently modified their holdings of the business. Harbour Investments Inc. grew its stake in shares of 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 last quarter. Eastern Bank bought a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the first quarter valued at $54,000. Bell Investment Advisors Inc bought a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the second quarter valued at $59,000. Geneos Wealth Management Inc. boosted its position in 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 20.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the company's stock valued at $72,000 after acquiring an additional 512 shares during the last quarter. Institutional investors own 23.62% of the company's stock.

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.

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