Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Trading Up 0.5% – Should You Buy?

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI)’s share price rose 0.5% on Friday . The stock traded as high as $15.12 and last traded at $15.09. 21,987 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 8,578 shares. The stock had previously closed at $15.02.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

The firm has a market capitalization of $15.54 million, a price-to-earnings ratio of 33.04 and a beta of 0.38. The stock has a fifty day moving average of $15.40 and a two-hundred day moving average of $15.52.

Global X NASDAQ 100 Risk Managed Income ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, July 23rd. Stockholders of record on Monday, July 20th were paid a $0.1498 dividend. The ex-dividend date of this dividend was Monday, July 20th.

Hedge Funds Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QRMI. Osaic Holdings Inc. raised its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 88.2% during the 2nd quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock worth $397,000 after purchasing an additional 11,619 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the 4th quarter valued at $163,000. Susquehanna International Group LLP boosted its stake in shares of Global X NASDAQ 100 Risk Managed Income ETF by 51.2% in the 3rd quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock valued at $440,000 after purchasing an additional 9,397 shares during the last quarter. Tactive Advisors LLC increased its position in shares of Global X NASDAQ 100 Risk Managed Income ETF by 6.7% during the first quarter. Tactive Advisors LLC now owns 43,396 shares of the company’s stock worth $653,000 after buying an additional 2,734 shares during the period. Finally, Triumph Capital Management acquired a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the third quarter worth $31,000.

Global X NASDAQ 100 Risk Managed Income ETF Company Profile

The Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that holds NASDAQ 100 stocks while employing an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. QRMI was launched on Aug 25, 2021 and is managed by Global X.