Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Shares Down 1.6% – Here’s What Happened

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG)’s share price traded down 1.6% during mid-day trading on Friday . The company traded as low as $25.31 and last traded at $25.33. Approximately 28,952 shares were traded during trading, a decline of 38% from the average daily volume of 46,972 shares. The stock had previously closed at $25.74.

Nasdaq 100 Covered Call & Growth ETF Stock Down 1.6%

The firm’s 50 day simple moving average is $26.95 and its 200 day simple moving average is $28.55. The company has a market cap of $128.68 million, a price-to-earnings ratio of 33.07 and a beta of 0.89.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 23rd were given a $0.1837 dividend. The ex-dividend date was Monday, March 23rd. This represents a c) annualized dividend and a yield of 8.7%. This is an increase from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.15.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nasdaq 100 Covered Call & Growth ETF stock. Triumph Capital Management grew its holdings in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,299 shares of the company’s stock after purchasing an additional 723 shares during the period. Triumph Capital Management owned approximately 0.40% of Nasdaq 100 Covered Call & Growth ETF worth $478,000 at the end of the most recent reporting period.

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. QYLG was launched on Sep 18, 2020 and is managed by Global X.