Short Interest in Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Decreases By 69.4%

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 18,800 shares, a decrease of 69.4% from the February 28th total of 61,500 shares. Based on an average daily trading volume, of 46,200 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Nasdaq 100 Covered Call & Growth ETF

A hedge fund recently bought a new stake in Nasdaq 100 Covered Call & Growth ETF stock. SBI Securities Co. Ltd. purchased a new stake in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,176 shares of the company’s stock, valued at approximately $202,000. SBI Securities Co. Ltd. owned approximately 0.19% of Nasdaq 100 Covered Call & Growth ETF at the end of the most recent quarter.

Nasdaq 100 Covered Call & Growth ETF Trading Down 1.9 %

Shares of NASDAQ:QYLG traded down $0.50 during trading on Friday, reaching $25.69. The stock had a trading volume of 26,889 shares, compared to its average volume of 26,289. The firm’s 50-day simple moving average is $27.75 and its 200 day simple moving average is $30.50. Nasdaq 100 Covered Call & Growth ETF has a one year low of $25.48 and a one year high of $34.19. The company has a market capitalization of $91.71 million, a P/E ratio of 30.74 and a beta of 0.92.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be paid a $0.164 dividend. This is an increase from Nasdaq 100 Covered Call & Growth ETF’s previous dividend of $0.13. The ex-dividend date of this dividend is Monday, March 24th.

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.