Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Shares Up 0.2% – Should You Buy?

Shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) shot up 0.2% during trading on Monday . The company traded as high as $29.76 and last traded at $29.71. 56,467 shares were traded during mid-day trading, an increase of 24% from the average session volume of 45,468 shares. The stock had previously closed at $29.65.

Nasdaq 100 Covered Call & Growth ETF Stock Up 0.6%

The firm has a market capitalization of $147.26 million, a price-to-earnings ratio of 33.07 and a beta of 0.91. The stock’s fifty day moving average is $27.33 and its two-hundred day moving average is $28.21.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Monday, April 20th were issued a $0.1525 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Monday, April 20th.

Hedge Funds Weigh In On Nasdaq 100 Covered Call & Growth ETF

An institutional investor recently raised its position in Nasdaq 100 Covered Call & Growth ETF stock. Triumph Capital Management raised its stake in Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,299 shares of the company’s stock after purchasing an additional 723 shares during the period. Triumph Capital Management owned 0.40% of Nasdaq 100 Covered Call & Growth ETF worth $478,000 at the end of the most recent quarter.

Nasdaq 100 Covered Call & Growth ETF Company Profile

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an exchange-traded fund that is based on the Cboe Nasdaq 100 Half BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on half the value of those stocks, to collect the premiums and allow for growth. QYLG was launched on Sep 18, 2020 and is managed by Global X.