Global X NASDAQ 100 Tail Risk ETF (NASDAQ:QTR) Sees Significant Growth in Short Interest
by Doug Wharley · The Cerbat GemGlobal X NASDAQ 100 Tail Risk ETF (NASDAQ:QTR – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,077 shares, an increase of 230.5% from the April 15th total of 931 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average trading volume of 7,531 shares, the days-to-cover ratio is presently 0.4 days.
Global X NASDAQ 100 Tail Risk ETF Stock Performance
QTR traded down $0.52 during mid-day trading on Friday, reaching $34.09. 391 shares of the stock were exchanged, compared to its average volume of 2,519. The stock has a market capitalization of $3.07 million, a PE ratio of 33.07 and a beta of 1.02. The company has a 50 day moving average price of $30.48 and a two-hundred day moving average price of $32.29. Global X NASDAQ 100 Tail Risk ETF has a 1 year low of $27.65 and a 1 year high of $37.40.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Global X NASDAQ 100 Tail Risk ETF stock. MML Investors Services LLC purchased a new stake in shares of Global X NASDAQ 100 Tail Risk ETF (NASDAQ:QTR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,194 shares of the company’s stock, valued at approximately $219,000. MML Investors Services LLC owned approximately 7.19% of Global X NASDAQ 100 Tail Risk ETF at the end of the most recent reporting period.
About Global X NASDAQ 100 Tail Risk ETF
The Global X NASDAQ 100 Tail Risk ETF (QTR) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of NASDAQ 100 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. QTR was launched on Aug 25, 2021 and is managed by Global X.