Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Stock Price Down 0.1% – Time to Sell?

Shares of Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) fell 0.1% during trading on Wednesday. The company traded as low as $15.28 and last traded at $15.30. Approximately 1,403 shares were traded during trading, a decline of 82% from the average session volume of 7,964 shares. The stock had previously closed at $15.31.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

The stock has a market capitalization of $14.39 million, a PE ratio of 33.04 and a beta of 0.38. The stock’s 50 day moving average is $15.25 and its two-hundred day moving average is $15.34.

Institutional Investors Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advocacy Wealth Management LLC purchased a new position in shares of Global X NASDAQ 100 Risk Managed Income ETF during the second quarter worth $9,177,000. Nwam LLC acquired a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at $130,000. Strategic Advisors LLC acquired a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at $67,000. Finally, Tactive Advisors LLC grew its stake in shares of Global X NASDAQ 100 Risk Managed Income ETF by 3.6% in the second quarter. Tactive Advisors LLC now owns 44,947 shares of the company’s stock valued at $702,000 after buying an additional 1,551 shares in the last quarter.

About Global X NASDAQ 100 Risk Managed Income ETF

The Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that holds NASDAQ 100 stocks while employing an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. QRMI was launched on Aug 25, 2021 and is managed by Global X.