Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Short Interest Up 78.4% in May

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX – Get Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 172,900 shares, a growth of 78.4% from the April 30th total of 96,900 shares. Based on an average daily trading volume, of 184,000 shares, the short-interest ratio is currently 0.9 days.

Shares of QQQX opened at $24.46 on Friday. The company has a 50-day simple moving average of $25.91 and a 200-day simple moving average of $27.37. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 52 week low of $22.56 and a 52 week high of $31.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Tuesday, March 15th were given a dividend of $0.493 per share. The ex-dividend date was Monday, March 14th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 8.06%. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.45.

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 5.8% in the first quarter. Kestra Private Wealth Services LLC now owns 7,736 shares of the company’s stock worth $220,000 after purchasing an additional 426 shares in the last quarter. Royal Bank of Canada raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.6% in the first quarter. Royal Bank of Canada now owns 753,792 shares of the company’s stock worth $21,446,000 after purchasing an additional 4,326 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth about $512,000. Guggenheim Capital LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 36.1% in the first quarter. Guggenheim Capital LLC now owns 162,812 shares of the company’s stock worth $4,632,000 after purchasing an additional 43,142 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth about $480,000. 21.06% of the stock is owned by institutional investors and hedge funds.

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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