Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 1-Year High – Here’s Why

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) reached a new 52-week high during trading on Wednesday. The company traded as high as $18.58 and last traded at $18.5750, with a volume of 230623 shares trading hands. The stock had previously closed at $18.55.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The firm has a market capitalization of $8.52 billion, a P/E ratio of 32.28 and a beta of 0.62. The firm has a 50 day simple moving average of $18.17 and a two-hundred day simple moving average of $17.96.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 21st were given a dividend of $0.1767 per share. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1829. This represents a $2.12 dividend on an annualized basis and a dividend yield of 11.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of Global X Nasdaq 100 Covered Call ETF by 5.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,488 shares of the company’s stock worth $378,000 after buying an additional 982 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 0.5% in the second quarter. NewEdge Advisors LLC now owns 367,192 shares of the company’s stock valued at $6,767,000 after acquiring an additional 1,705 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 2.4% in the second quarter. IFP Advisors Inc now owns 35,684 shares of the company’s stock valued at $658,000 after acquiring an additional 825 shares in the last quarter. Hyundai Investments Co. Ltd. increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 48.6% during the second quarter. Hyundai Investments Co. Ltd. now owns 32,140 shares of the company’s stock valued at $586,000 after acquiring an additional 10,511 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 44.0% during the second quarter. Ameritas Advisory Services LLC now owns 183,887 shares of the company’s stock valued at $3,389,000 after acquiring an additional 56,163 shares during the last quarter.

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.