Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 52-Week High – Here’s Why

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) reached a new 52-week high during trading on Monday . The stock traded as high as $18.18 and last traded at $18.18, with a volume of 90975 shares. The stock had previously closed at $18.09.

Global X Nasdaq 100 Covered Call ETF Trading Up 0.7%

The company has a market cap of $8.44 billion, a PE ratio of 32.28 and a beta of 0.62. The company’s 50 day moving average is $17.85 and its 200 day moving average is $17.68.

Global X Nasdaq 100 Covered Call ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 18th were issued a $0.1785 dividend. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date was Monday, May 18th.

Institutional Investors Weigh In On Global X Nasdaq 100 Covered Call ETF

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in Global X Nasdaq 100 Covered Call ETF by 286.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,491 shares of the company’s stock valued at $26,000 after purchasing an additional 1,105 shares during the period. Matrix Private Capital Group LLC purchased a new position in Global X Nasdaq 100 Covered Call ETF during the 1st quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in Global X Nasdaq 100 Covered Call ETF during the 3rd quarter valued at about $30,000. SHP Wealth Management purchased a new position in Global X Nasdaq 100 Covered Call ETF during the 4th quarter valued at about $31,000. Finally, Friedenthal Financial bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 4th quarter valued at about $32,000.

Global X Nasdaq 100 Covered Call ETF Company Profile

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.