Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Short Interest Down 58.8% in June

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 4,200 shares, a decrease of 58.8% from the May 31st total of 10,200 shares. Based on an average daily volume of 8,600 shares, the short-interest ratio is currently 0.5 days.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

Shares of QRMI stock traded down $0.05 during trading hours on Friday, reaching $16.85. 18,419 shares of the company were exchanged, compared to its average volume of 8,496. Global X NASDAQ 100 Risk Managed Income ETF has a fifty-two week low of $16.49 and a fifty-two week high of $18.38. The stock’s fifty day moving average is $16.91 and its two-hundred day moving average is $17.17. The company has a market cap of $13.14 million, a price-to-earnings ratio of 26.54 and a beta of 0.39.

Global X NASDAQ 100 Risk Managed Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 24th will be issued a $0.1701 dividend. This is a positive change from Global X NASDAQ 100 Risk Managed Income ETF’s previous monthly dividend of $0.17. This represents a $2.04 annualized dividend and a yield of 12.11%. The ex-dividend date of this dividend is Monday, June 24th.

Hedge Funds Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

An institutional investor recently raised its position in Global X NASDAQ 100 Risk Managed Income ETF stock. Triumph Capital Management grew its position in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,077 shares of the company’s stock after purchasing an additional 1,065 shares during the period. Triumph Capital Management owned about 1.95% of Global X NASDAQ 100 Risk Managed Income ETF worth $226,000 at the end of the most recent reporting period.

Global X NASDAQ 100 Risk Managed Income ETF Company Profile

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.