Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sees Large Increase in Short Interest

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,300,000 shares, an increase of 255.7% from the February 28th total of 1,490,000 shares. Based on an average daily volume of 7,205,700 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

Several institutional investors and hedge funds have recently modified their holdings of QYLD. Parkside Financial Bank & Trust acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth approximately $25,000. Kestra Investment Management LLC purchased a new position in Global X Nasdaq 100 Covered Call ETF during the fourth quarter worth $25,000. Optiver Holding B.V. acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth $25,000. Transce3nd LLC purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter valued at $31,000. Finally, Copley Financial Group Inc. acquired a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the third quarter valued at $35,000.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Global X Nasdaq 100 Covered Call ETF stock opened at $16.62 on Friday. Global X Nasdaq 100 Covered Call ETF has a fifty-two week low of $15.91 and a fifty-two week high of $18.89. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 30.84 and a beta of 0.71. The stock’s fifty day moving average is $17.90 and its two-hundred day moving average is $18.12.

Global X Nasdaq 100 Covered Call 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 issued a dividend of $0.1703 per share. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous dividend of $0.17. The ex-dividend date is Monday, March 24th.

About Global X Nasdaq 100 Covered Call ETF

The Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund that is based on the Cboe NASDAQ-100 BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums. QYLD was launched on Dec 12, 2013 and is managed by Global X.