Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sees Dramatic Increase in Short Interest in December

The Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) experienced a notable spike in short interest during December. As of December 31st, the total short interest reached 40,100 shares, reflecting an impressive increase of 99.5% from the figure of 20,100 shares recorded on December 15th. Given an average trading volume of 98,700 shares, the current short-interest ratio stands at 0.4 days.

Performance of Nuveen Nasdaq 100 Dynamic Overwrite Fund

On Tuesday, shares of QQQX saw a slight rise of $0.04, reaching $26.35. The trading volume for the day was 182,896 shares, which is significantly above the average trading volume of 135,174 shares. Over the past year, the Nuveen Nasdaq 100 Dynamic Overwrite Fund has recorded a low of $22.37 and a high of $27.54. The fund’s 50-day moving average is currently at $26.61, while the 200-day moving average sits at $25.45.

Dividend Increase Announced

The fund recently declared a quarterly dividend, which was paid on December 31st. Shareholders on record from December 13th received a dividend of $0.56 per share, marking an increase from the previous quarterly dividend of $0.42. This adjustment translates to an annualized dividend of $2.24 and an impressive dividend yield of 8.50%. The ex-dividend date was also December 13th.

Changes in Institutional Holdings

There have been notable adjustments made by various institutional investors in their holdings of QQQX. Thurston Springer Miller Herd & Titak Inc. established a new position in the Nuveen Nasdaq 100 Dynamic Overwrite Fund, investing $114,000 in the third quarter. Walleye Capital LLC boosted its stake by 83.2% during the same period, acquiring an additional 6,672 shares for a total of 14,696 shares valued at $369,000. Advisors Asset Management Inc. also made a new investment in the fund worth $460,000 during the third quarter. Sanctuary Advisors LLC similarly purchased shares in the second quarter valued at approximately $541,000. Lastly, Private Advisor Group LLC increased its holdings by 39.9%, now owning 25,856 shares worth $648,000 after acquiring 7,376 additional shares in the last quarter. Institutional investors currently hold 23.62% of the company’s stock.

Company Overview of Nuveen Nasdaq 100 Dynamic Overwrite Fund

The Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-end equity indexed mutual fund developed by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC, focusing its investments in the public equity markets of the United States across various sectors.

Nuveen, NASDAQ, Dividend