Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Short Interest Down 46.4% in September

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 1,630,000 shares, a drop of 46.4% from the September 15th total of 3,040,000 shares. Based on an average daily volume of 5,748,600 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Global X Nasdaq 100 Covered Call ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. MCF Advisors LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the 1st quarter valued at about $49,000. Fisher Asset Management LLC bought a new position in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth approximately $217,000. US Bancorp DE purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the first quarter valued at approximately $573,000. Oppenheimer & Co. Inc. increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 51,561 shares of the company’s stock valued at $923,000 after acquiring an additional 2,861 shares in the last quarter. Finally, Fifth Third Securities Inc. raised its holdings in Global X Nasdaq 100 Covered Call ETF by 53.9% in the 1st quarter. Fifth Third Securities Inc. now owns 176,566 shares of the company’s stock worth $3,162,000 after acquiring an additional 61,805 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.2 %

Shares of QYLD stock traded up $0.03 during trading hours on Friday, hitting $18.21. 1,564,706 shares of the company’s stock traded hands, compared to its average volume of 4,446,183. The stock’s fifty day simple moving average is $17.70 and its two-hundred day simple moving average is $17.69. Global X Nasdaq 100 Covered Call ETF has a 12-month low of $15.91 and a 12-month high of $18.21. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a $0.181 dividend. This represents a $2.17 annualized dividend and a yield of 11.93%. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, September 23rd.

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.