Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Sees Large Growth in Short Interest

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 38,800 shares, an increase of 46.4% from the June 15th total of 26,500 shares. Based on an average daily trading volume, of 24,900 shares, the short-interest ratio is currently 1.6 days.

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

A hedge fund recently bought a new stake in Nasdaq 100 Covered Call & Growth ETF stock. Wetzel Investment Advisors Inc. bought a new stake in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,300 shares of the company’s stock, valued at approximately $38,000.

Nasdaq 100 Covered Call & Growth ETF Stock Up 0.4 %

Shares of Nasdaq 100 Covered Call & Growth ETF stock traded up $0.14 on Friday, hitting $32.34. The stock had a trading volume of 17,696 shares, compared to its average volume of 22,942. The stock has a market cap of $113.19 million, a price-to-earnings ratio of 34.17 and a beta of 0.93. The business’s 50 day moving average is $31.20 and its two-hundred day moving average is $30.32. Nasdaq 100 Covered Call & Growth ETF has a twelve month low of $25.50 and a twelve month high of $32.60.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 24th were given a dividend of $0.1438 per share. This is a boost from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, June 24th. This represents a $1.73 annualized dividend and a yield of 5.34%.

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.