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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQXGet Rating) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 123,100 shares, an increase of 134.0% from the March 15th total of 52,600 shares. Based on an average daily volume of 184,900 shares, the short-interest ratio is presently 0.7 days.

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund stock opened at $26.46 on Friday. The firm has a 50 day simple moving average of $26.65 and a 200 day simple moving average of $28.26. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a fifty-two week low of $23.52 and a fifty-two week high of $31.00.

The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Tuesday, March 15th were issued a $0.493 dividend. The ex-dividend date was Monday, March 14th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.45%. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.45.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC grew its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 41,759 shares of the company’s stock worth $1,188,000 after acquiring an additional 1,510 shares during the period. Wells Fargo & Company MN grew its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,194,782 shares of the company’s stock worth $36,621,000 after acquiring an additional 38,689 shares during the period. NewEdge Advisors LLC grew its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 17.9% during the 4th quarter. NewEdge Advisors LLC now owns 44,343 shares of the company’s stock worth $1,359,000 after acquiring an additional 6,736 shares during the period. Stifel Financial Corp grew its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 1.1% during the 4th quarter. Stifel Financial Corp now owns 49,966 shares of the company’s stock worth $1,531,000 after acquiring an additional 523 shares during the period. Finally, MML Investors Services LLC grew its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 17.0% during the 4th quarter. MML Investors Services LLC now owns 37,368 shares of the company’s stock worth $1,145,000 after acquiring an additional 5,421 shares during the period. 22.32% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund (Get Rating)

Nuveen NASDAQ 100 Dynamic Overwrite Fund is a closed-end investment fund. Its investment objective is to seek attractive total return with less volatility than the Nasdaq 100 Index. The company was founded on January 30, 2007 and is headquartered in Chicago, IL.

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