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

The Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) experienced a notable decline in short interest throughout February. As of February 15th, the total short interest had decreased to 23,200 shares, marking a significant drop of 53.0% from the total of 49,400 shares reported on January 31st. Given the average trading volume of 125,600 shares, the current days-to-cover ratio stands at just 0.2 days.

Institutional Investors Make Moves in Nuveen Nasdaq 100 Dynamic Overwrite Fund

Recently, several institutional investors and hedge funds have engaged in buying and selling shares of the Nuveen Nasdaq 100 Dynamic Overwrite Fund. For instance, CoreFirst Bank & Trust established a new stake valued at $36,000 in the fourth quarter. Griffin Asset Management Inc. and Left Brain Wealth Management LLC also made new investments worth $205,000 and $207,000, respectively. Additionally, Hennion & Walsh Asset Management Inc. acquired a stake valued at $211,000, while Next Level Private LLC invested $215,000 in the same quarter. Notably, institutional investors now hold approximately 23.62% of the company’s stock.

Performance of Nuveen Nasdaq 100 Dynamic Overwrite Fund

On Friday, NASDAQ:QQQX saw an increase of $0.18 during trading hours, reaching a price of $25.91. A total of 168,231 shares changed hands, compared to its average trading volume of 134,893 shares. Over the past twelve months, the fund's price has fluctuated, with a low of $22.37 and a high of $27.95. Currently, the 50-day moving average stands at $27.04, while the 200-day moving average is at $25.98.

Dividend Increase Announced by Nuveen Nasdaq 100 Dynamic Overwrite Fund

The fund also announced a recent increase in its quarterly dividend, which was paid on December 31st. Investors who were on record as of December 13th received a dividend of $0.56 per share, up from the previous amount of $0.42. This raises the annualized dividend to $2.24, providing a yield of 8.65%. The ex-dividend date for this distribution was December 13th.

Overview of Nuveen Nasdaq 100 Dynamic Overwrite Fund

The Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund managed by Nuveen Investments, Inc. It is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. The fund primarily invests in the public equity markets in the United States and aims to acquire stocks from companies across various sectors.

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This news alert was generated using advanced technology and financial data to provide quick and accurate reporting. The content was reviewed by an editorial team prior to publication.

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