Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Trading Down 1.6% – What’s Next?

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG)’s stock price fell 1.6% on Friday . The company traded as low as $25.31 and last traded at $25.33. 28,952 shares were traded during trading, a decline of 38% from the average session volume of 46,972 shares. The stock had previously closed at $25.74.

Nasdaq 100 Covered Call & Growth ETF Stock Down 1.6%

The stock has a market cap of $128.68 million, a price-to-earnings ratio of 33.07 and a beta of 0.89. The company’s 50-day simple moving average is $26.95 and its 200-day simple moving average is $28.55.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.1837 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 8.7%. This is a boost from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.15.

Institutional Investors Weigh In On Nasdaq 100 Covered Call & Growth ETF

An institutional investor recently raised its position in Nasdaq 100 Covered Call & Growth ETF stock. Triumph Capital Management grew its stake in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,299 shares of the company’s stock after purchasing an additional 723 shares during the period. Triumph Capital Management owned about 0.40% of Nasdaq 100 Covered Call & Growth ETF worth $478,000 as of its most recent SEC filing.

Nasdaq 100 Covered Call & Growth ETF Company Profile

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.