Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Short Interest Down 35.8% in August

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 17,914 shares, a decrease of 35.8% from the July 30th total of 27,913 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 7,246 shares, the days-to-cover ratio is presently 2.5 days.

Global X NASDAQ 100 Risk Managed Income ETF Trading Down 0.3%

Global X NASDAQ 100 Risk Managed Income ETF stock traded down $0.05 during mid-day trading on Wednesday, hitting $15.14. 201 shares of the company’s stock were exchanged, compared to its average volume of 8,371. Global X NASDAQ 100 Risk Managed Income ETF has a 1-year low of $14.85 and a 1-year high of $16.25. The stock has a 50 day moving average of $15.26 and a two-hundred day moving average of $15.41. The stock has a market cap of $15.59 million, a P/E ratio of 33.04 and a beta of 0.38.

Global X NASDAQ 100 Risk Managed Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 24th were paid a dividend of $0.1538 per share. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date was Monday, August 24th.

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

Several hedge funds have recently made changes to their positions in QRMI. Triumph Capital Management acquired a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 3rd quarter valued at about $31,000. Strategic Advisors LLC acquired a new position in Global X NASDAQ 100 Risk Managed Income ETF in the second quarter worth about $67,000. Nwam LLC bought a new position in Global X NASDAQ 100 Risk Managed Income ETF during the second quarter worth about $130,000. Cetera Investment Advisers bought a new position in Global X NASDAQ 100 Risk Managed Income ETF during the fourth quarter worth about $163,000. Finally, Osaic Holdings Inc. boosted its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 88.2% during the second quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock valued at $397,000 after purchasing an additional 11,619 shares in 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.