Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 94,092 shares, an increase of 180.1% from the September 30th total of 33,598 shares. Based on an average trading volume of 93,097 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.5% of the shares of the company are sold short.
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. acquired a new position in Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,492 shares of the company’s stock, valued at approximately $1,136,000. Oarsman Capital Inc. owned 0.69% of Nasdaq 100 Covered Call & Growth ETF as of its most recent SEC filing.
Nasdaq 100 Covered Call & Growth ETF Stock Performance
Shares of QYLG stock opened at $28.83 on Friday. Nasdaq 100 Covered Call & Growth ETF has a 1 year low of $25.01 and a 1 year high of $30.98. The stock has a fifty day moving average of $29.96 and a two-hundred day moving average of $28.74. The firm has a market capitalization of $184.51 million, a PE ratio of 33.07 and a beta of 0.91.
Nasdaq 100 Covered Call & Growth ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Monday, October 19th were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.1%. This is a positive change from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.1398. The ex-dividend date of this dividend was Monday, October 19th.
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.
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