Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Stock Short Interest Declines 44.7%

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 33,598 shares, a decrease of 44.7% from the September 15th total of 60,800 shares. Based on an average daily volume of 48,449 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the company’s shares are sold short.

Nasdaq 100 Covered Call & Growth ETF Trading Down 2.4%

NASDAQ QYLG traded down $0.72 during trading on Friday, hitting $29.59. The company had a trading volume of 69,603 shares, compared to its average volume of 46,260. The company’s fifty day moving average is $29.99 and its 200-day moving average is $29.33. Nasdaq 100 Covered Call & Growth ETF has a one year low of $25.01 and a one year high of $30.98. The company has a market cap of $177.84 million, a price-to-earnings ratio of 33.07 and a beta of 0.91.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 21st were paid a $0.1398 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.1709. This represents a $1.68 dividend on an annualized basis and a yield of 5.7%.

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. bought a new position in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,492 shares of the company’s stock, valued at approximately $1,136,000. Oarsman Capital Inc. owned 0.69% of Nasdaq 100 Covered Call & Growth ETF as of its most recent filing with the Securities and Exchange Commission.

Nasdaq 100 Covered Call & Growth ETF Company Profile

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.