Short Interest in Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Increases By 36.5%

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 155,606 shares, an increase of 36.5% from the March 31st total of 113,961 shares. Based on an average daily volume of 169,330 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.9%

NASDAQ:QQQX traded up $0.27 during midday trading on Thursday, hitting $30.01. The stock had a trading volume of 107,206 shares, compared to its average volume of 131,992. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a one year low of $23.90 and a one year high of $30.28. The stock has a 50-day moving average of $28.03 and a 200 day moving average of $28.00.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a $0.615 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.46 annualized dividend and a yield of 8.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC grew its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 590.2% in the first quarter. Kestra Advisory Services LLC now owns 73,344 shares of the company’s stock worth $1,956,000 after purchasing an additional 62,718 shares in the last quarter. Ascentis Independent Advisors bought a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the first quarter worth approximately $72,000. PFG Investments LLC grew its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 9.5% in the first quarter. PFG Investments LLC now owns 28,375 shares of the company’s stock worth $757,000 after purchasing an additional 2,450 shares in the last quarter. Private Advisor Group LLC boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.3% during the 1st quarter. Private Advisor Group LLC now owns 30,266 shares of the company’s stock valued at $807,000 after acquiring an additional 402 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 235,769 shares of the company’s stock valued at $6,288,000 after acquiring an additional 1,880 shares in the last quarter. Institutional investors own 23.61% of the company’s stock.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a closed-end management investment company that seeks to provide investors with a high level of current income while maintaining prospects for capital appreciation. The fund primarily invests in the equity securities included in the NASDAQ-100 Index, giving investors exposure to leading U.S. companies in the technology, consumer services, healthcare and industrial sectors. As a publicly traded fund, QQQX offers daily liquidity through its listing on the Nasdaq Stock Market.

In pursuit of its income objective, QQQX employs a dynamic covered call strategy, writing call options on its NASDAQ-100 holdings to generate option premium.