Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Stock Short Interest Jumps 174.3%

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 60,800 shares, a growth of 174.3% from the August 31st total of 22,166 shares. Based on an average daily volume of 40,805 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.0% of the company’s stock are short sold.

Nasdaq 100 Covered Call & Growth ETF Trading Down 0.7%

Nasdaq 100 Covered Call & Growth ETF stock opened at $30.32 on Tuesday. The company has a market cap of $176.77 million, a P/E ratio of 33.07 and a beta of 0.91. Nasdaq 100 Covered Call & Growth ETF has a 1-year low of $25.01 and a 1-year high of $30.73. The company has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $28.94.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 21st were paid a dividend of $0.1398 per share. The ex-dividend date was Monday, September 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.5%. This is a negative change from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.1709.

Institutional Trading of Nasdaq 100 Covered Call & Growth ETF

An institutional investor recently bought a new position in Nasdaq 100 Covered Call & Growth ETF stock. Oarsman Capital Inc. purchased a new stake in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,492 shares of the company’s stock, valued at approximately $1,136,000. Oarsman Capital Inc. owned about 0.69% of Nasdaq 100 Covered Call & Growth ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Nasdaq 100 Covered Call & Growth ETF

(Get Free Report)

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an exchange-traded fund that is based on the Cboe Nasdaq 100 Half BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on half the value of those stocks, to collect the premiums and allow for growth. QYLG was launched on Sep 18, 2020 and is managed by Global X.

Further Reading

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