Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Sees Significant Drop in Short Interest

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 35,900 shares, a decrease of 37.1% from the January 31st total of 57,100 shares. Based on an average daily volume of 34,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Nasdaq 100 Covered Call & Growth ETF

A hedge fund recently bought a new stake in Nasdaq 100 Covered Call & Growth ETF stock. SBI Securities Co. Ltd. purchased a new stake in Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,176 shares of the company’s stock, valued at approximately $202,000. SBI Securities Co. Ltd. owned 0.19% of Nasdaq 100 Covered Call & Growth ETF at the end of the most recent reporting period.

Nasdaq 100 Covered Call & Growth ETF Stock Performance

Shares of Nasdaq 100 Covered Call & Growth ETF stock traded down $0.33 during mid-day trading on Tuesday, hitting $26.79. 11,885 shares of the stock were exchanged, compared to its average volume of 24,302. The company has a market capitalization of $99.93 million, a P/E ratio of 34.20 and a beta of 0.93. The company has a 50-day simple moving average of $28.95 and a 200 day simple moving average of $31.15. Nasdaq 100 Covered Call & Growth ETF has a 12 month low of $26.69 and a 12 month high of $34.19.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a dividend of $0.1277 per share. The ex-dividend date of this dividend was Monday, February 24th.

About Nasdaq 100 Covered Call & Growth ETF

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.