Short Interest in Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Declines By 39.1%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 36,500 shares, a decrease of 39.1% from the March 15th total of 59,900 shares. Based on an average daily trading volume, of 176,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Down 0.3 %

QQQX stock traded down $0.07 during trading hours on Thursday, hitting $22.53. 33,190 shares of the stock were exchanged, compared to its average volume of 121,260. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 12 month low of $20.34 and a 12 month high of $27.95. The company has a 50-day simple moving average of $24.65 and a two-hundred day simple moving average of $25.76.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 9.94%. The ex-dividend date was Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 1.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,079,535 shares of the company’s stock valued at $29,201,000 after buying an additional 18,714 shares during the period. Invesco Ltd. raised its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 12.0% in the 4th quarter. Invesco Ltd. now owns 860,866 shares of the company’s stock valued at $23,286,000 after acquiring an additional 92,180 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.5% during the 4th quarter. Royal Bank of Canada now owns 718,095 shares of the company’s stock valued at $19,424,000 after acquiring an additional 17,249 shares during the period. 1607 Capital Partners LLC lifted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 36.4% during the 4th quarter. 1607 Capital Partners LLC now owns 644,987 shares of the company’s stock valued at $17,447,000 after acquiring an additional 172,132 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.5% during the 4th quarter. LPL Financial LLC now owns 505,872 shares of the company’s stock worth $13,684,000 after purchasing an additional 2,668 shares in the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

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.