Short Interest in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Drops By 39.4%

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,210,000 shares, a drop of 39.4% from the March 15th total of 5,300,000 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 8,835,900 shares, the days-to-cover ratio is currently 0.4 days.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of QYLD stock traded up $0.02 during mid-day trading on Friday, reaching $16.01. 6,513,541 shares of the company’s stock traded hands, compared to its average volume of 5,687,726. The firm has a market capitalization of $8.04 billion, a PE ratio of 30.23 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a 12 month low of $14.48 and a 12 month high of $18.89. The firm has a 50 day moving average price of $17.12 and a two-hundred day moving average price of $17.91.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were issued a dividend of $0.1703 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust purchased a new stake in Global X Nasdaq 100 Covered Call ETF in the 4th quarter worth approximately $25,000. Kestra Investment Management LLC bought a new position in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth approximately $25,000. Optiver Holding B.V. purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth $25,000. Transce3nd LLC bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter valued at $31,000. Finally, Copley Financial Group Inc. purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 3rd quarter valued at $35,000.

About Global X Nasdaq 100 Covered Call ETF

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.