Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Shares Shorted: Short Interest Down 44.7% in September

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 33,598 shares, a decrease of 44.7% from the September 15th total of 60,800 shares. Based on an average trading volume of 48,449 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the company are short sold.

Nasdaq 100 Covered Call & Growth ETF Stock Performance

Shares of NASDAQ:QYLG traded down $0.72 during midday trading on Friday, hitting $29.59. The company’s stock had a trading volume of 69,603 shares, compared to its average volume of 46,260. The stock has a market capitalization of $177.84 million, a price-to-earnings ratio of 33.07 and a beta of 0.91. The stock’s 50 day simple moving average is $29.99 and its 200 day simple moving average is $29.33. Nasdaq 100 Covered Call & Growth ETF has a fifty-two week low of $25.01 and a fifty-two week high of $30.98.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 21st were paid a $0.1398 dividend. The ex-dividend date was Monday, September 21st. This is a negative change from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.1709. This represents a $1.68 annualized dividend and a dividend yield of 5.7%.

Hedge Funds Weigh In On Nasdaq 100 Covered Call & Growth ETF

A hedge fund recently raised its stake in Nasdaq 100 Covered Call & Growth ETF stock. Farther Finance Advisors LLC lifted its stake in Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) by 536.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,220 shares of the company’s stock after buying an additional 27,161 shares during the period. Farther Finance Advisors LLC owned about 0.55% of Nasdaq 100 Covered Call & Growth ETF worth $980,000 at the end of the most recent reporting period.

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.