Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Stock Price Up 0.3% – Still a Buy?

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) was up 0.3% during trading on Friday . The stock traded as high as $15.56 and last traded at $15.56. Approximately 2,498 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 8,517 shares. The stock had previously closed at $15.52.

Global X NASDAQ 100 Risk Managed Income ETF Trading Up 0.3%

The firm has a market cap of $15.87 million, a P/E ratio of 33.04 and a beta of 0.38. The company’s 50 day simple moving average is $15.52 and its 200-day simple moving average is $15.62.

Global X NASDAQ 100 Risk Managed Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.1603 per share. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tactive Advisors LLC increased its position in Global X NASDAQ 100 Risk Managed Income ETF by 3.6% during the second quarter. Tactive Advisors LLC now owns 44,947 shares of the company’s stock valued at $702,000 after acquiring an additional 1,551 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter valued at about $163,000. Armstrong Advisory Group Inc. bought a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter valued at about $32,000. Triumph Capital Management purchased a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 3rd quarter valued at about $31,000. Finally, Susquehanna International Group LLP increased its position in shares of Global X NASDAQ 100 Risk Managed Income ETF by 51.2% during the 3rd quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock valued at $440,000 after purchasing an additional 9,397 shares during the last quarter.

About Global X NASDAQ 100 Risk Managed Income ETF

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. QRMI was launched on Aug 25, 2021 and is managed by Global X.