Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Short Interest Up 56.2% in February

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 28,900 shares, an increase of 56.2% from the February 13th total of 18,500 shares. Based on an average trading volume of 9,800 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

A hedge fund recently raised its stake in Global X NASDAQ 100 Risk Managed Income ETF stock. Arete Wealth Advisors LLC grew its holdings in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,846 shares of the company’s stock after purchasing an additional 2,980 shares during the quarter. Arete Wealth Advisors LLC owned about 3.29% of Global X NASDAQ 100 Risk Managed Income ETF worth $607,000 as of its most recent SEC filing.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

Shares of NASDAQ:QRMI remained flat at $16.75 during trading on Monday. The stock had a trading volume of 7,610 shares, compared to its average volume of 9,162. Global X NASDAQ 100 Risk Managed Income ETF has a 1 year low of $16.21 and a 1 year high of $17.85. The firm has a market capitalization of $17.76 million, a PE ratio of 32.03 and a beta of 0.39. The business’s 50-day moving average price is $17.36 and its 200-day moving average price is $17.18.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were issued a dividend of $0.1742 per share. The ex-dividend date was Monday, February 24th.

About Global X NASDAQ 100 Risk Managed Income ETF

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.