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

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 18,800 shares, a drop of 69.4% from the February 28th total of 61,500 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 46,200 shares, the days-to-cover ratio is presently 0.4 days.

Nasdaq 100 Covered Call & Growth ETF Stock Performance

Shares of QYLG opened at $26.29 on Thursday. Nasdaq 100 Covered Call & Growth ETF has a 52-week low of $25.48 and a 52-week high of $34.19. The firm has a market cap of $98.06 million, a price-to-earnings ratio of 30.33 and a beta of 0.93. The business’s fifty day moving average is $27.85 and its 200-day moving average is $30.56.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be given a $0.164 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Nasdaq 100 Covered Call & Growth ETF’s previous dividend of $0.13.

Institutional Inflows and Outflows

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

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.