Short Interest in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Declines By 66.7%

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,490,000 shares, a decline of 66.7% from the February 13th total of 4,480,000 shares. Based on an average daily volume of 6,429,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of Global X Nasdaq 100 Covered Call ETF stock traded up $0.40 on Friday, reaching $16.97. The company had a trading volume of 7,280,291 shares, compared to its average volume of 5,103,048. The firm’s 50 day moving average price is $18.20 and its two-hundred day moving average price is $18.17. The firm has a market cap of $8.41 billion, a PE ratio of 30.84 and a beta of 0.63. Global X Nasdaq 100 Covered Call ETF has a 52-week low of $15.91 and a 52-week high of $18.89.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, February 24th.

Institutional Investors Weigh In On Global X Nasdaq 100 Covered Call ETF

Several large investors have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. increased its stake in Global X Nasdaq 100 Covered Call ETF by 16.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 3,864 shares of the company’s stock worth $70,000 after buying an additional 551 shares during the period. Aptus Capital Advisors LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 1.1% during the 4th quarter. Aptus Capital Advisors LLC now owns 49,621 shares of the company’s stock worth $905,000 after acquiring an additional 561 shares in the last quarter. First Heartland Consultants Inc. grew its holdings in Global X Nasdaq 100 Covered Call ETF by 3.7% during the 3rd quarter. First Heartland Consultants Inc. now owns 15,777 shares of the company’s stock worth $285,000 after acquiring an additional 567 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 9.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,957 shares of the company’s stock worth $128,000 after acquiring an additional 586 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 0.9% during the 4th quarter. Global Retirement Partners LLC now owns 66,486 shares of the company’s stock worth $1,211,000 after acquiring an additional 587 shares in the last quarter.

About Global X Nasdaq 100 Covered Call ETF

The Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund that is based on the Cboe NASDAQ-100 BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums. QYLD was launched on Dec 12, 2013 and is managed by Global X.