Global X NASDAQ 100 Collar 95-110 ETF (NASDAQ:QCLR) Sees Large Drop in Short Interest

Global X NASDAQ 100 Collar 95-110 ETF (NASDAQ:QCLR) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 687 shares, a drop of 45.3% from the April 30th total of 1,256 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 5,127 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Global X NASDAQ 100 Collar 95-110 ETF

An institutional investor recently bought a new position in Global X NASDAQ 100 Collar 95-110 ETF stock. Spartan Wealth Advisory Services LLC bought a new position in shares of Global X NASDAQ 100 Collar 95-110 ETF (NASDAQ:QCLR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,313 shares of the company’s stock, valued at approximately $380,000. Spartan Wealth Advisory Services LLC owned approximately 10.22% of Global X NASDAQ 100 Collar 95-110 ETF as of its most recent SEC filing.

Global X NASDAQ 100 Collar 95-110 ETF Stock Performance

Shares of NASDAQ:QCLR remained flat at $28.80 during trading on Tuesday. 209 shares of the stock traded hands, compared to its average volume of 2,888. The stock has a market capitalization of $4.03 million, a P/E ratio of 33.05 and a beta of 0.64. The business’s 50-day simple moving average is $27.86 and its two-hundred day simple moving average is $29.15. Global X NASDAQ 100 Collar 95-110 ETF has a 52-week low of $26.10 and a 52-week high of $33.32.

Global X NASDAQ 100 Collar 95-110 ETF Company Profile

The Global X NASDAQ 100 Collar 95-110 ETF (QCLR) is an exchange-traded fund that is based on the Nasdaq-100 Quarterly Collar 95-110 index. The fund tracks an index that invests in the Nasdaq 100 stocks while employing an options collar strategy. The collar involves buying 5% puts and selling 10% calls out-of-the-money. QCLR was launched on Aug 25, 2021 and is managed by Global X.