Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Stock Falls 1.5% – Should You Sell?

Shares of Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) were down 1.5% during mid-day trading on Thursday. The stock traded as low as $14.54 and last traded at $14.56. 3,992 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 7,932 shares. The stock had previously closed at $14.78.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

The firm has a market cap of $14.56 million, a P/E ratio of 33.04 and a beta of 0.38. The stock’s 50-day moving average is $15.14 and its 200 day moving average is $15.39.

Hedge Funds Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Nwam LLC bought a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 2nd quarter worth approximately $130,000. Strategic Advisors LLC bought a new position in Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at approximately $67,000. Advocacy Wealth Management LLC bought a new position in Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at approximately $9,177,000. Finally, Tactive Advisors LLC lifted its stake in Global X NASDAQ 100 Risk Managed Income ETF by 3.6% in the second quarter. Tactive Advisors LLC now owns 44,947 shares of the company’s stock valued at $702,000 after buying an additional 1,551 shares in the last quarter.

About Global X NASDAQ 100 Risk Managed Income ETF

The Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that holds NASDAQ 100 stocks while employing an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. QRMI was launched on Aug 25, 2021 and is managed by Global X.