Why QQQX's Premium Disappeared [Seeking Alpha]
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=bxmx
Company Research
Source: Seeking Alpha
Why QQQX's Premium Disappeared Summary QQQX briefly outperformed the market by a large margin, but its NAV returns have always been mediocre. While QQQX has a compelling mandate and investment style, opportunistic buying of the fund should wait for a wider discount. The semi-passive covered call approach is becoming worse for the Nasdaq 100 as it becomes more volatile. The Nuveen Nasdaq 100 Overwrite Fund ( That’s not too surprising for a closed-end fund (CEF), which often exist to deliver as much income as possible to investors. But compared to its CEF brethren, it’s unusual in that it is much more of a passive fund than an active one. Although it is not entirely passive, its mandate has very strict rules on how it can invest: “The Fund is designed to offer regular distributions through a strategy that seeks attractive total return with less volatility than the Nasdaq 100 Index by investing in an equity portfolio that seeks to substantially replicate the price movements of the Nasdaq
Show less
Read more
Impact Snapshot
Event Time:
SPXX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPXX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPXX alerts
High impacting Nuveen S&P 500 Dynamic Overwrite Fund news events
Weekly update
A roundup of the hottest topics
SPXX
Sec Filings
- 9/5/24 - Form N-CSRS
- 8/29/24 - Form N-PX
- 8/27/24 - Form NPORT-P
- SPXX's page on the SEC website