Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sees Unusually-High Trading Volume – Should You Buy?

by · The Cerbat Gem

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 9,107,422 shares traded hands during trading, an increase of 82% from the previous session’s volume of 5,005,018 shares.The stock last traded at $16.80 and had previously closed at $16.74.

Global X Nasdaq 100 Covered Call ETF Trading Down 0.4 %

The stock has a fifty day simple moving average of $18.32 and a two-hundred day simple moving average of $18.20. The firm has a market cap of $7.88 billion, a PE ratio of 33.29 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were paid a $0.165 dividend. The ex-dividend date was Monday, February 24th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cape Investment Advisory Inc. raised its position in shares of Global X Nasdaq 100 Covered Call ETF by 16.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 3,864 shares of the company’s stock worth $70,000 after buying an additional 551 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of 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 valued at $905,000 after acquiring an additional 561 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 3.7% during the third quarter. First Heartland Consultants Inc. now owns 15,777 shares of the company’s stock worth $285,000 after purchasing an additional 567 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 9.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,957 shares of the company’s stock worth $128,000 after purchasing an additional 586 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Global X Nasdaq 100 Covered Call ETF by 0.9% during the fourth quarter. Global Retirement Partners LLC now owns 66,486 shares of the company’s stock valued at $1,211,000 after purchasing an additional 587 shares during the last quarter.

About Global X Nasdaq 100 Covered Call ETF

(Get Free Report)

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.

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