Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Shares Shorted: Short Interest Down 40.7% in September

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 55,329 shares, a drop of 40.7% from the August 31st total of 93,241 shares. Based on an average daily volume of 86,030 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.3% in the first quarter. Royal Bank of Canada now owns 745,857 shares of the company’s stock valued at $19,892,000 after acquiring an additional 2,177 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 7.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 598,826 shares of the company’s stock valued at $15,971,000 after purchasing an additional 41,518 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 3.1% in the 1st quarter. Bank of America Corp DE now owns 375,648 shares of the company’s stock valued at $10,019,000 after purchasing an additional 11,219 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 235,769 shares of the company’s stock valued at $6,288,000 after purchasing an additional 1,880 shares in the last quarter. Finally, Cypress Capital Management LLC WY lifted its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 8.3% during the 2nd quarter. Cypress Capital Management LLC WY now owns 192,683 shares of the company’s stock worth $5,947,000 after purchasing an additional 14,752 shares during the last quarter. 23.60% of the stock is owned by institutional investors and hedge funds.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 1.4%

Shares of NASDAQ QQQX traded up $0.43 during mid-day trading on Thursday, hitting $30.86. The company had a trading volume of 261,591 shares, compared to its average volume of 114,980. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1-year low of $25.35 and a 1-year high of $31.87. The business’s 50-day simple moving average is $30.35 and its 200 day simple moving average is $29.79.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.7380 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.95 annualized dividend and a yield of 9.6%.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

Nuveen NASDAQ 100 Dynamic Overwrite Fund is a publicly traded closed-end fund managed by Nuveen Fund Advisors. The fund seeks to provide total return and current income by investing primarily in a portfolio of companies included in the Nasdaq-100 Index.

In addition to holding equity securities, the fund uses a dynamic covered-call strategy. It writes call options on some of its portfolio holdings or on the Nasdaq-100 Index, adjusting the level of option coverage in response to market conditions.