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

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

Global X Nasdaq 100 Covered Call ETF Stock Down 1.3 %

NASDAQ:QYLD traded down $0.22 during trading hours on Friday, reaching $16.63. 3,759,831 shares of the company’s stock were exchanged, compared to its average volume of 5,203,903. 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 12 month low of $15.91 and a 12 month high of $18.89. The business’s 50-day simple moving average is $17.94 and its two-hundred day simple moving average is $18.12.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

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

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

A number of hedge funds have recently modified their holdings of the stock. Comprehensive Money Management Services LLC purchased a new position in Global X Nasdaq 100 Covered Call ETF in the 4th quarter worth about $770,000. Jefferies Financial Group Inc. increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 10.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 314,528 shares of the company’s stock worth $5,731,000 after acquiring an additional 28,677 shares in the last quarter. Armis Advisers LLC acquired a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the fourth quarter valued at approximately $258,000. Montchanin Asset Management LLC lifted its position in shares of Global X Nasdaq 100 Covered Call ETF by 6.0% in the 4th quarter. Montchanin Asset Management LLC now owns 173,220 shares of the company’s stock valued at $3,156,000 after acquiring an additional 9,735 shares in the last quarter. Finally, ARQ Wealth Advisors LLC boosted its stake in Global X Nasdaq 100 Covered Call ETF by 12.6% in the 4th quarter. ARQ Wealth Advisors LLC now owns 104,497 shares of the company’s stock worth $1,917,000 after purchasing an additional 11,699 shares during the period.

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.