Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 94,092 shares, a growth of 180.1% from the September 30th total of 33,598 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 93,097 shares, the short-interest ratio is currently 1.0 days.
Nasdaq 100 Covered Call & Growth ETF Stock Down 1.2%
Shares of QYLG stock traded down $0.36 on Thursday, reaching $29.62. The company’s stock had a trading volume of 37,469 shares, compared to its average volume of 46,301. Nasdaq 100 Covered Call & Growth ETF has a 12-month low of $25.01 and a 12-month high of $30.98. The company has a market capitalization of $186.58 million, a P/E ratio of 33.07 and a beta of 0.91. The stock’s 50 day simple moving average is $29.97 and its 200-day simple moving average is $28.72.
Nasdaq 100 Covered Call & Growth ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Monday, October 19th were paid a $0.17 dividend. The ex-dividend date was Monday, October 19th. This represents a $2.04 dividend on an annualized basis and a yield of 6.9%. This is an increase from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.1398.
Institutional Trading of Nasdaq 100 Covered Call & Growth ETF
A hedge fund recently raised its stake in Nasdaq 100 Covered Call & Growth ETF stock. Farther Finance Advisors LLC grew its holdings in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG – Free Report) by 536.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,220 shares of the company’s stock after acquiring an additional 27,161 shares during the quarter. Farther Finance Advisors LLC owned about 0.55% of Nasdaq 100 Covered Call & Growth ETF worth $980,000 at the end of the most recent quarter.
About Nasdaq 100 Covered Call & Growth ETF
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.
Further Reading
- Five stocks we like better than Nasdaq 100 Covered Call & Growth ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Nasdaq 100 Covered Call & Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq 100 Covered Call & Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.
