Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $18.41 and traded as high as $18.46. Global X Nasdaq 100 Covered Call ETF shares last traded at $18.45, with a volume of 5,687,422 shares trading hands.

Global X Nasdaq 100 Covered Call ETF Stock Down 2.5%

The stock has a market capitalization of $8.19 billion, a PE ratio of 32.28 and a beta of 0.61. The firm has a 50 day moving average price of $18.40 and a 200-day moving average price of $17.96.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Monday, October 19th were given a dividend of $0.1826 per share. The ex-dividend date of this dividend was Monday, October 19th. This represents a $2.19 dividend on an annualized basis and a yield of 12.2%. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1767.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 152.2% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,513 shares of the company’s stock worth $28,000 after purchasing an additional 913 shares during the last quarter. Matrix Private Capital Group LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF in the first quarter valued at $27,000. CoreCap Advisors LLC boosted its holdings in Global X Nasdaq 100 Covered Call ETF by 231.0% in the second quarter. CoreCap Advisors LLC now owns 5,478 shares of the company’s stock valued at $101,000 after purchasing an additional 3,823 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in Global X Nasdaq 100 Covered Call ETF by 66.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 6,926 shares of the company’s stock worth $128,000 after purchasing an additional 2,776 shares during the period. Finally, Eagle Strategies LLC grew its position in Global X Nasdaq 100 Covered Call ETF by 7.1% during the 3rd quarter. Eagle Strategies LLC now owns 12,593 shares of the company’s stock worth $234,000 after purchasing an additional 837 shares during the period.

About Global X Nasdaq 100 Covered Call ETF

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.