Short Interest in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Declines By 63.8%

by · The Markets Daily

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD – Get Free Report) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,680,000 shares, a decrease of 63.8% from the November 15th total of 4,640,000 shares. Based on an average daily volume of 3,483,800 shares, the days-to-cover ratio is presently 0.5 days.

Global X Nasdaq 100 Covered Call ETF Price Performance

Shares of NASDAQ:QYLD traded up $0.02 during trading on Wednesday, hitting $18.35. The company’s stock had a trading volume of 1,930,723 shares, compared to its average volume of 4,251,044. The company has a 50-day moving average of $18.21 and a 200-day moving average of $17.86. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a 12 month low of $15.91 and a 12 month high of $18.56.

Global X Nasdaq 100 Covered Call ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a dividend of $0.1804 per share. The ex-dividend date was Monday, November 18th.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crewe Advisors LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 601.6% in the third quarter. Crewe Advisors LLC now owns 1,712 shares of the company’s stock worth $31,000 after purchasing an additional 1,468 shares in the last quarter. Copley Financial Group Inc. purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the third quarter valued at about $35,000. American National Bank bought a new position in shares of Global X Nasdaq 100 Covered Call ETF in the second quarter worth about $41,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 46.5% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 2,930 shares of the company’s stock worth $52,000 after purchasing an additional 930 shares in the last quarter. Finally, Chris Bulman Inc bought a new stake in Global X Nasdaq 100 Covered Call ETF during the 2nd quarter valued at approximately $54,000.

Global X Nasdaq 100 Covered Call ETF Company Profile

(Get Free Report)

The Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund that is based on the Cboe NASDAQ-100 BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums. QYLD was launched on Dec 12, 2013 and is managed by Global X.

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