Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Sees Significant Drop in Short Interest

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLGGet Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 22,166 shares, a drop of 58.7% from the August 15th total of 53,696 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 39,931 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors 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. Oarsman Capital Inc. bought a new stake in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLGFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 37,492 shares of the company’s stock, valued at approximately $1,136,000. Oarsman Capital Inc. owned about 0.69% of Nasdaq 100 Covered Call & Growth ETF at the end of the most recent reporting period.

Nasdaq 100 Covered Call & Growth ETF Price Performance

Shares of NASDAQ:QYLG traded down $0.17 during midday trading on Tuesday, hitting $29.40. 53,274 shares of the company’s stock were exchanged, compared to its average volume of 44,143. Nasdaq 100 Covered Call & Growth ETF has a 12 month low of $25.01 and a 12 month high of $30.73. The company has a market cap of $176.36 million, a PE ratio of 33.07 and a beta of 0.91. The stock has a 50 day moving average price of $29.42 and a 200-day moving average price of $28.72.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 24th were issued a $0.1709 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Monday, August 24th.

Nasdaq 100 Covered Call & Growth ETF Company Profile

(Get Free Report)

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

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