Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Shares Climb 0.1% – Here’s Why

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) traded up 0.1% on Tuesday. The stock traded as high as $15.26 and last traded at $15.24. Approximately 3,380 shares traded hands during trading, a decline of 60% from the average session volume of 8,365 shares. The stock had previously closed at $15.23.

Global X NASDAQ 100 Risk Managed Income ETF Trading Down 0.1%

The company has a fifty day moving average of $15.19 and a two-hundred day moving average of $15.35. The stock has a market capitalization of $14.77 million, a price-to-earnings ratio of 33.04 and a beta of 0.38.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Advocacy Wealth Management LLC acquired a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the second quarter worth about $9,177,000. Tactive Advisors LLC raised its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 3.6% in the 2nd 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 in the last quarter. Nwam LLC bought a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the 2nd quarter worth approximately $130,000. Finally, Strategic Advisors LLC acquired a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 2nd quarter worth approximately $67,000.

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.