Short Interest in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Rises By 255.7%

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,300,000 shares, an increase of 255.7% from the February 28th total of 1,490,000 shares. Based on an average daily trading volume, of 7,205,700 shares, the short-interest ratio is currently 0.7 days. Approximately 1.1% of the shares of the company are short sold.

Global X Nasdaq 100 Covered Call ETF Price Performance

QYLD stock traded down $0.22 on Friday, reaching $16.63. The company’s stock had a trading volume of 3,759,831 shares, compared to its average volume of 5,203,903. The firm has a fifty day moving average of $17.94 and a two-hundred day moving average of $18.12. The company has a market capitalization of $7.86 billion, a P/E ratio of 30.84 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $15.91 and a 52 week high of $18.89.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be paid a dividend of $0.1703 per share. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Investors Weigh In On Global X Nasdaq 100 Covered Call ETF

Institutional investors have recently bought and sold shares of the stock. Kestra Investment Management LLC bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth about $25,000. Parkside Financial Bank & Trust acquired a new stake in Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth approximately $25,000. Optiver Holding B.V. bought a new position in Global X Nasdaq 100 Covered Call ETF during the 4th quarter valued at $25,000. Transce3nd LLC bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 4th quarter worth $31,000. Finally, Copley Financial Group Inc. bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 3rd quarter worth $35,000.

Global X Nasdaq 100 Covered Call ETF Company Profile

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.