Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Shares Up 0.3% – Here’s Why

Shares of Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) rose 0.3% during mid-day trading on Friday . The stock traded as high as $15.56 and last traded at $15.56. 2,498 shares were traded during trading, a decline of 71% from the average session volume of 8,517 shares. The stock had previously closed at $15.52.

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

The stock has a 50-day simple moving average of $15.52 and a 200 day simple moving average of $15.62. The company has a market cap of $15.87 million, a PE ratio of 33.04 and a beta of 0.38.

Global X NASDAQ 100 Risk Managed Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 22nd were issued a $0.1603 dividend. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QRMI. Tactive Advisors LLC raised its stake in shares of Global X NASDAQ 100 Risk Managed Income ETF by 3.6% in the 2nd quarter. Tactive Advisors LLC now owns 44,947 shares of the company’s stock valued at $702,000 after acquiring an additional 1,551 shares during the period. Susquehanna International Group LLP boosted its position in shares of Global X NASDAQ 100 Risk Managed Income ETF by 51.2% during the 3rd quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock worth $440,000 after purchasing an additional 9,397 shares during the period. Osaic Holdings Inc. increased its holdings in 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 purchasing an additional 11,619 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Global X NASDAQ 100 Risk Managed Income ETF in the 4th quarter valued at approximately $163,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in Global X NASDAQ 100 Risk Managed Income ETF in the fourth quarter valued at approximately $32,000.

About Global X NASDAQ 100 Risk Managed Income ETF

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.