Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Shares Down 1.5% – Here’s What Happened

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) was down 1.5% on Thursday. The company traded as low as $14.54 and last traded at $14.56. Approximately 3,992 shares traded hands during mid-day 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 Down 1.5%

The stock has a market cap of $14.56 million, a price-to-earnings ratio of 33.04 and a beta of 0.38. The company has a 50 day simple moving average of $15.14 and a 200-day simple moving average of $15.39.

Institutional Trading of Global X NASDAQ 100 Risk Managed Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QRMI. Nwam LLC bought a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the second quarter worth $130,000. Strategic Advisors LLC bought a new position in Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at $67,000. Advocacy Wealth Management LLC bought a new position in Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at $9,177,000. Finally, Tactive Advisors LLC increased its stake in 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 buying an additional 1,551 shares during the last quarter.

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.