Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Up 157.0% in April

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQXGet Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 96,900 shares, a growth of 157.0% from the April 15th total of 37,700 shares. Based on an average trading volume of 177,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 20.0% during the fourth quarter. Wedbush Securities Inc. now owns 57,718 shares of the company’s stock worth $1,769,000 after acquiring an additional 9,613 shares during the period. Cetera Advisor Networks LLC lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.9% during the third quarter. Cetera Advisor Networks LLC now owns 44,513 shares of the company’s stock worth $1,263,000 after acquiring an additional 1,685 shares during the period. UBS Group AG lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 6.6% during the third quarter. UBS Group AG now owns 840,585 shares of the company’s stock worth $23,856,000 after acquiring an additional 51,750 shares during the period. Invesco Ltd. lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 9.8% during the third quarter. Invesco Ltd. now owns 539,219 shares of the company’s stock worth $15,303,000 after acquiring an additional 48,238 shares during the period. Finally, MML Investors Services LLC lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 6.6% during the third quarter. MML Investors Services LLC now owns 31,947 shares of the company’s stock worth $907,000 after acquiring an additional 1,987 shares during the period. Institutional investors and hedge funds own 21.06% of the company’s stock.

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund stock opened at $23.15 on Friday. The business’s fifty day simple moving average is $26.41 and its 200 day simple moving average is $27.86. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 12 month low of $22.67 and a 12 month high of $31.00.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Tuesday, March 15th were issued a dividend of $0.493 per share. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.45. This represents a $1.97 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date was Monday, March 14th.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile (Get Rating)

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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