Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 52-Week High – Time to Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) shares reached a new 52-week high on Monday. The company traded as high as $18.70 and last traded at $18.6950, with a volume of 8,195 shares trading hands. The stock had previously closed at $18.69.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.1%

The company has a 50-day moving average price of $18.37 and a 200-day moving average price of $18.05. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 32.28 and a beta of 0.61.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 21st were given a $0.1767 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.12 annualized dividend and a yield of 11.3%. This is a decrease from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1829.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

Hedge funds have recently added to or reduced their stakes in the business. Matrix Private Capital Group LLC acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 1st quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 152.2% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,513 shares of the company’s stock valued at $28,000 after buying an additional 913 shares during the period. SHP Wealth Management acquired a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter valued at $31,000. CoreCap Advisors LLC lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 231.0% in the second quarter. CoreCap Advisors LLC now owns 5,478 shares of the company’s stock valued at $101,000 after buying an additional 3,823 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 66.9% in the third quarter. Armstrong Advisory Group Inc. now owns 6,926 shares of the company’s stock valued at $128,000 after buying an additional 2,776 shares during the period.

Global X Nasdaq 100 Covered Call ETF Company Profile

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.