Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Sees Significant Decrease in Short Interest

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 4,200 shares, a drop of 58.8% from the May 31st total of 10,200 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

An institutional investor recently raised its position in Global X NASDAQ 100 Risk Managed Income ETF stock. Triumph Capital Management lifted its stake in shares of Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) by 5.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,818 shares of the company’s stock after purchasing an additional 741 shares during the period. Triumph Capital Management owned approximately 1.82% of Global X NASDAQ 100 Risk Managed Income ETF worth $241,000 at the end of the most recent quarter.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

Shares of NASDAQ:QRMI traded down $0.05 during trading hours on Friday, hitting $16.85. 18,424 shares of the company’s stock traded hands, compared to its average volume of 8,496. The company’s fifty day simple moving average is $16.91 and its two-hundred day simple moving average is $17.16. Global X NASDAQ 100 Risk Managed Income ETF has a 52 week low of $16.49 and a 52 week high of $18.38. The company has a market cap of $13.14 million, a price-to-earnings ratio of 26.54 and a beta of 0.39.

Global X NASDAQ 100 Risk Managed Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 24th will be given a $0.1701 dividend. This is a positive change from Global X NASDAQ 100 Risk Managed Income ETF’s previous monthly dividend of $0.17. The ex-dividend date is Monday, June 24th. This represents a $2.04 annualized dividend and a yield of 12.11%.

About Global X NASDAQ 100 Risk Managed Income ETF

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.