Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Short Interest Down 35.8% in August

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 17,914 shares, a drop of 35.8% from the July 30th total of 27,913 shares. Based on an average daily trading volume, of 7,246 shares, the short-interest ratio is presently 2.5 days. Currently, 1.7% of the shares of the company are short sold.

Global X NASDAQ 100 Risk Managed Income ETF Stock Down 0.3%

Shares of QRMI traded down $0.05 during midday trading on Tuesday, hitting $15.14. The company’s stock had a trading volume of 1,078 shares, compared to its average volume of 8,420. Global X NASDAQ 100 Risk Managed Income ETF has a one year low of $14.85 and a one year high of $16.25. The company’s fifty day simple moving average is $15.26 and its two-hundred day simple moving average is $15.41. The stock has a market capitalization of $15.59 million, a price-to-earnings ratio of 33.04 and a beta of 0.38.

Global X NASDAQ 100 Risk Managed Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 24th were paid a dividend of $0.1538 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QRMI. Advocacy Wealth Management LLC acquired a new stake in Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at $9,177,000. Osaic Holdings Inc. grew its position in shares of Global X NASDAQ 100 Risk Managed Income ETF by 88.2% in the 2nd quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock valued at $397,000 after buying an additional 11,619 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the 4th quarter valued at about $163,000. Susquehanna International Group LLP increased its stake in shares of Global X NASDAQ 100 Risk Managed Income ETF by 51.2% in the third quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock valued at $440,000 after buying an additional 9,397 shares during the period. Finally, Nwam LLC acquired a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at about $130,000.

Global X NASDAQ 100 Risk Managed Income ETF Company Profile

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.