Short Interest in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Declines By 32.5%

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 19,500 shares, a drop of 32.5% from the February 28th total of 28,900 shares. Based on an average trading volume of 11,100 shares, the short-interest ratio is presently 1.8 days. Currently, 1.8% of the company’s stock are sold short.

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. Arete Wealth Advisors LLC increased its stake in shares of Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) by 45.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,866 shares of the company’s stock after buying an additional 9,972 shares during the period. Arete Wealth Advisors LLC owned 3.09% of Global X NASDAQ 100 Risk Managed Income ETF worth $540,000 as of its most recent filing with the SEC.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

Global X NASDAQ 100 Risk Managed Income ETF stock opened at $16.63 on Friday. The stock has a 50-day simple moving average of $17.22 and a 200 day simple moving average of $17.18. The stock has a market capitalization of $19.96 million, a P/E ratio of 31.98 and a beta of 0.37. Global X NASDAQ 100 Risk Managed Income ETF has a 52 week low of $16.21 and a 52 week high of $17.85.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a dividend of $0.1679 per share. The ex-dividend date is Monday, March 24th.

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.