Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sees Strong Trading Volume

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) saw an uptick in trading volume on Wednesday . 5,197,461 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 3,550,719 shares.The stock last traded at $17.67 and had previously closed at $17.83.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The stock has a market cap of $8.08 billion, a PE ratio of 29.62 and a beta of 0.55. The company’s 50 day simple moving average is $17.87 and its 200 day simple moving average is $17.43.

Global X Nasdaq 100 Covered Call ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.178 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.14 annualized dividend and a dividend yield of 12.02%.

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

Several large investors have recently modified their holdings of the stock. LPL Financial LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 5.2% during the 3rd quarter. LPL Financial LLC now owns 9,125,363 shares of the company’s stock worth $153,032,000 after purchasing an additional 452,159 shares during the last quarter. Morgan Stanley increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 8.9% during the 3rd quarter. Morgan Stanley now owns 8,549,439 shares of the company’s stock worth $143,374,000 after purchasing an additional 695,608 shares during the last quarter. Nissay Asset Management Corp Japan ADV purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth approximately $104,273,000. Wells Fargo & Company MN boosted its holdings in Global X Nasdaq 100 Covered Call ETF by 4.3% in the 2nd quarter. Wells Fargo & Company MN now owns 4,277,487 shares of the company’s stock worth $75,925,000 after buying an additional 175,080 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Global X Nasdaq 100 Covered Call ETF in the 4th quarter worth approximately $66,617,000.

Global X Nasdaq 100 Covered Call ETF Company Profile

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.