Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Short Interest Down 32.7% in February

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLDGet Free Report) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 6,971,026 shares, a drop of 32.7% from the February 12th total of 10,350,892 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 9,329,525 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 9,329,525 shares, the short-interest ratio is currently 0.7 days. Currently, 1.5% of the shares of the stock are short sold.

Global X Nasdaq 100 Covered Call ETF Trading Down 0.3%

NASDAQ:QYLD traded down $0.06 on Friday, hitting $17.44. The company had a trading volume of 20,184,064 shares, compared to its average volume of 9,697,190. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $14.48 and a 52 week high of $18.00. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 32.28 and a beta of 0.65. The firm has a 50 day moving average of $17.69 and a two-hundred day moving average of $17.41.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.1771 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date was Monday, February 23rd.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

Several institutional investors and hedge funds have recently made changes to their positions in QYLD. Global X Japan Co. Ltd. grew its holdings in Global X Nasdaq 100 Covered Call ETF by 15.2% during the 3rd quarter. Global X Japan Co. Ltd. now owns 13,275,162 shares of the company’s stock valued at $225,811,000 after buying an additional 1,752,324 shares in the last quarter. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 26.7% during the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 191,458 shares of the company’s stock valued at $3,257,000 after purchasing an additional 40,381 shares during the last quarter. APS Management Group Inc. purchased a new position in Global X Nasdaq 100 Covered Call ETF in the 3rd quarter worth $1,666,000. CreativeOne Wealth LLC lifted its stake in Global X Nasdaq 100 Covered Call ETF by 50.3% in the second quarter. CreativeOne Wealth LLC now owns 187,175 shares of the company’s stock worth $3,130,000 after purchasing an additional 62,671 shares during the last quarter. Finally, Scotia Capital Inc. lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 11.9% in the 2nd quarter. Scotia Capital Inc. now owns 46,031 shares of the company’s stock valued at $770,000 after acquiring an additional 4,889 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Company Profile

(Get Free Report)

The Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund that is based on the Cboe NASDAQ-100 BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums. QYLD was launched on Dec 12, 2013 and is managed by Global X.

Further Reading

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