Short Interest in Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Grows By 221.3%

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 60,400 shares, an increase of 221.3% from the March 15th total of 18,800 shares. Based on an average daily trading volume, of 47,400 shares, the short-interest ratio is currently 1.3 days. Approximately 1.7% of the company’s stock are sold short.

Nasdaq 100 Covered Call & Growth ETF Trading Up 0.4 %

Shares of NASDAQ QYLG traded up $0.11 during mid-day trading on Tuesday, reaching $25.34. The company had a trading volume of 3,153 shares, compared to its average volume of 45,984. The firm has a 50 day simple moving average of $26.72 and a two-hundred day simple moving average of $29.85. The stock has a market cap of $90.45 million, a P/E ratio of 30.74 and a beta of 0.93. Nasdaq 100 Covered Call & Growth ETF has a 52-week low of $22.15 and a 52-week high of $34.19.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a dividend of $0.164 per share. This is a positive change from Nasdaq 100 Covered Call & Growth ETF’s previous dividend of $0.13. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Nasdaq 100 Covered Call & Growth ETF

Several large investors have recently modified their holdings of QYLG. Farther Finance Advisors LLC acquired a new position in shares of Nasdaq 100 Covered Call & Growth ETF in the 1st quarter valued at $60,000. SBI Securities Co. Ltd. acquired a new position in Nasdaq 100 Covered Call & Growth ETF in the fourth quarter valued at $202,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Nasdaq 100 Covered Call & Growth ETF during the fourth quarter worth about $389,000.

About Nasdaq 100 Covered Call & Growth ETF

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.