Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Stock Price Down 1.5% – Should You Sell?

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI)’s stock price traded down 1.5% on Thursday. The company traded as low as $14.54 and last traded at $14.56. Approximately 3,992 shares changed hands during trading, a decline of 50% from the average daily volume of 7,932 shares. The stock had previously closed at $14.78.

Global X NASDAQ 100 Risk Managed Income ETF Trading Up 0.2%

The company has a market capitalization of $14.57 million, a P/E ratio of 33.04 and a beta of 0.38. The firm’s 50 day moving average price is $15.13 and its two-hundred day moving average price is $15.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tactive Advisors LLC grew its position in Global X NASDAQ 100 Risk Managed Income ETF by 3.6% in the second quarter. Tactive Advisors LLC now owns 44,947 shares of the company’s stock valued at $702,000 after purchasing an additional 1,551 shares in the last quarter. Strategic Advisors LLC bought a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 2nd quarter worth about $67,000. Nwam LLC bought a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 2nd quarter worth about $130,000. Finally, Advocacy Wealth Management LLC acquired a new position in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 2nd quarter worth about $9,177,000.

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.