Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Stock Price Down 1.6% – Here’s Why

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG)’s share price traded down 1.6% on Friday . The company traded as low as $25.31 and last traded at $25.33. 28,952 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 46,972 shares. The stock had previously closed at $25.74.

Nasdaq 100 Covered Call & Growth ETF Stock Performance

The firm has a market capitalization of $128.68 million, a PE ratio of 33.07 and a beta of 0.89. The firm’s 50 day moving average price is $26.95 and its 200-day moving average price is $28.55.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 23rd were given a dividend of $0.1837 per share. This is an increase from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Nasdaq 100 Covered Call & Growth ETF

An institutional investor recently raised its position in Nasdaq 100 Covered Call & Growth ETF stock. Triumph Capital Management lifted its holdings in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,299 shares of the company’s stock after buying an additional 723 shares during the quarter. Triumph Capital Management owned approximately 0.40% of Nasdaq 100 Covered Call & Growth ETF worth $478,000 as of its most recent SEC filing.

Nasdaq 100 Covered Call & Growth ETF Company Profile

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an exchange-traded fund that is based on the Cboe Nasdaq 100 Half BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on half the value of those stocks, to collect the premiums and allow for growth. QYLG was launched on Sep 18, 2020 and is managed by Global X.