Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sees Significant Drop in Short Interest

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Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQXGet Rating) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 37,700 shares, a drop of 69.4% from the March 31st total of 123,100 shares. Based on an average trading volume of 174,500 shares, the days-to-cover ratio is presently 0.2 days.

NASDAQ QQQX opened at $25.20 on Thursday. The business has a fifty day moving average price of $26.58 and a two-hundred day moving average price of $28.12. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a fifty-two week low of $23.52 and a fifty-two week high of $31.00.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Tuesday, March 15th were issued 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 7.83%. This is a boost from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.45.

Several hedge funds have recently made changes to their positions in the stock. Global Trust Asset Management LLC bought a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at about $31,000. Confluence Wealth Services Inc. bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter worth about $36,000. Masso Torrence Wealth Management Inc. bought a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at approximately $67,000. Ibex Wealth Advisors acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at approximately $83,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the first quarter worth $108,000. Institutional investors and hedge funds own 22.32% of the company’s stock.

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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