Short Interest in Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Drops By 58.7%

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLGGet Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 22,166 shares, a decrease of 58.7% from the August 15th total of 53,696 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 39,931 shares, the short-interest ratio is presently 0.6 days.

Nasdaq 100 Covered Call & Growth ETF Trading Down 0.5%

Shares of NASDAQ:QYLG traded down $0.14 during midday trading on Monday, hitting $29.57. 92,528 shares of the stock were exchanged, compared to its average volume of 44,101. The stock has a market cap of $160.27 million, a P/E ratio of 33.07 and a beta of 0.91. Nasdaq 100 Covered Call & Growth ETF has a twelve month low of $25.01 and a twelve month high of $30.73. The company has a 50 day moving average price of $29.43 and a 200-day moving average price of $28.70.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 24th were given a dividend of $0.1709 per share. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Institutional Trading of Nasdaq 100 Covered Call & Growth ETF

An institutional investor recently bought a new stake in Nasdaq 100 Covered Call & Growth ETF stock. Oarsman Capital Inc. acquired a new position in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLGFree Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 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 at the end of the most recent reporting period.

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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