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

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 90,400 shares, a drop of 22.7% from the August 15th total of 116,900 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 127,900 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 127,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Down 0.5%

NASDAQ:QQQX opened at $27.09 on Wednesday. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1 year low of $20.34 and a 1 year high of $27.95. The business has a 50 day simple moving average of $26.77 and a 200-day simple moving average of $25.28.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, September 15th.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 5.9% in the 2nd quarter. Osaic Holdings Inc. now owns 186,894 shares of the company’s stock valued at $4,948,000 after purchasing an additional 10,358 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 2nd quarter worth approximately $120,000. 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 acquiring an additional 1,741 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 2nd quarter worth approximately $210,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 394,570 shares of the company’s stock worth $10,444,000 after acquiring an additional 15,064 shares during the last quarter. 23.62% of the stock is owned by institutional investors.

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.