Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Sees Large Decline in Short Interest

Posted by Chris Copeland on Jul 11th, 2024

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,600 shares, a decline of 61.9% from the June 15th total of 4,200 shares. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 0.2 days.

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 lifted its stake in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI – Free Report) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,818 shares of the company’s stock after acquiring an additional 741 shares during the period. Triumph Capital Management owned approximately 1.82% of Global X NASDAQ 100 Risk Managed Income ETF worth $241,000 at the end of the most recent reporting period.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

Shares of QRMI stock traded down $0.01 during trading hours on Thursday, hitting $17.07. 7,591 shares of the company were exchanged, compared to its average volume of 8,541. The company has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $17.16. 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 firm has a market cap of $15.19 million, a P/E ratio of 26.54 and a beta of 0.39.

Global X NASDAQ 100 Risk Managed Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 24th were issued a dividend of $0.1701 per share. The ex-dividend date was Monday, June 24th. This is a boost 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 11.96%.

About Global X NASDAQ 100 Risk Managed Income ETF

(Get Free Report)

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.