Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Experiences Notable Drop in Short Interest

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw a significant decline in short interest throughout February. As of February 15th, the total number of shares shorted reached 23,200, marking a sharp decline of 53.0% from the previous total of 49,400 shares reported on January 31st. With an average daily trading volume of 125,600 shares, the days-to-cover ratio now stands at just 0.2 days.

Institutional Investors' Actions in Nuveen Nasdaq 100 Dynamic Overwrite Fund

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

Price Performance of Nuveen Nasdaq 100 Dynamic Overwrite Fund

On Friday, shares of NASDAQ:QQQX rose by $0.18, reaching $25.91 during trading sessions. The total volume of shares traded was 168,231, which is higher than the average volume of 134,893 shares. Over the past twelve months, the fund hit a low of $22.37 and a high of $27.95. The firm maintains a 50-day moving average of $27.04 and a 200-day moving average of $25.98.

Dividend Announcement from Nuveen Nasdaq 100 Dynamic Overwrite Fund

The fund recently declared a quarterly dividend that was disbursed on Tuesday, December 31st. Investors listed on the record as of December 13th received a dividend payment of $0.56 per share, reflecting an increase from the prior quarterly dividend of $0.42. This amounts to an annualized dividend of $2.24, representing a yield of 8.65%. The ex-dividend date was also set on December 13th.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-end equity indexed mutual fund initiated by Nuveen Investments, Inc. The fund is managed collaboratively by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC, and it primarily invests in publicly traded equity markets across the United States, targeting stocks from companies in various sectors.

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This news report was generated using technology and financial data for fast and accurate reporting. It has been reviewed for accuracy prior to publication.

Investment Considerations for Nuveen Nasdaq 100 Dynamic Overwrite Fund

Before making an investment in Nuveen Nasdaq 100 Dynamic Overwrite Fund, it’s essential to consider various factors. Analysts keep track of stocks to identify the best potential investments, and current reports suggest that while Nuveen Nasdaq 100 Dynamic Overwrite Fund holds a "Hold" rating, there might be five other stocks that are currently considered better investment opportunities.

Nuveen, Stocks, Investment