Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Short Interest Down 32.7% in February

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 6,971,026 shares, a decline of 32.7% from the February 12th total of 10,350,892 shares. Based on an average daily trading volume, of 9,329,525 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.5% of the shares of the stock are sold short. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,329,525 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Global X Nasdaq 100 Covered Call ETF

Several hedge funds have recently added to or reduced their stakes in QYLD. Global X Japan Co. Ltd. raised its stake in Global X Nasdaq 100 Covered Call ETF by 15.2% in the 3rd quarter. Global X Japan Co. Ltd. now owns 13,275,162 shares of the company’s stock worth $225,811,000 after purchasing an additional 1,752,324 shares in the last quarter. LPL Financial LLC grew its position in Global X Nasdaq 100 Covered Call ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 11,586,603 shares of the company’s stock worth $204,735,000 after buying an additional 312,055 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Global X Nasdaq 100 Covered Call ETF by 22.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,161,576 shares of the company’s stock worth $52,883,000 after acquiring an additional 571,203 shares during the period. Royal Bank of Canada increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 2.5% in the fourth quarter. Royal Bank of Canada now owns 1,785,168 shares of the company’s stock worth $31,544,000 after purchasing an additional 43,333 shares during the period. Finally, Cetera Investment Advisers raised its stake in Global X Nasdaq 100 Covered Call ETF by 7.9% in the second quarter. Cetera Investment Advisers now owns 1,486,807 shares of the company’s stock valued at $24,859,000 after purchasing an additional 108,720 shares in the last quarter.

Global X Nasdaq 100 Covered Call ETF Price Performance

Shares of Global X Nasdaq 100 Covered Call ETF stock traded down $0.06 on Friday, hitting $17.44. 20,184,064 shares of the company’s stock traded hands, compared to its average volume of 9,697,190. Global X Nasdaq 100 Covered Call ETF has a one year low of $14.48 and a one year high of $18.00. The stock has a market capitalization of $8.15 billion, a PE ratio of 32.28 and a beta of 0.65. The firm’s 50-day moving average price is $17.69 and its two-hundred day moving average price is $17.41.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a dividend of $0.1771 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 12.2%.

About Global X Nasdaq 100 Covered Call ETF

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.