Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sees Unusually-High Trading Volume

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) saw unusually-strong trading volume on Thursday . Approximately 4,658,372 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 3,930,493 shares.The stock last traded at $17.31 and had previously closed at $17.33.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The company has a market cap of $8.06 billion, a P/E ratio of 28.58 and a beta of 0.71. The business’s 50-day moving average price is $17.71 and its 200 day moving average price is $17.72.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 29th. Investors of record on Monday, July 22nd will be paid a $0.177 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 12.26%. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 379.9% during the 4th quarter. Allworth Financial LP now owns 1,646 shares of the company’s stock worth $29,000 after purchasing an additional 1,303 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 963.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,127 shares of the company’s stock worth $38,000 after purchasing an additional 1,927 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 2nd quarter worth approximately $39,000. American National Bank bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 2nd quarter worth approximately $41,000. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 3,591.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 2,473 shares of the company’s stock worth $44,000 after acquiring an additional 2,406 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.