Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sets New 52-Week High – What’s Next?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.54 and last traded at $18.52, with a volume of 5313018 shares. The stock had previously closed at $18.30.

Global X Nasdaq 100 Covered Call ETF Price Performance

The stock’s fifty day moving average is $18.10 and its 200-day moving average is $17.91. The stock has a market cap of $8.45 billion, a PE ratio of 32.28 and a beta of 0.62.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 24th were paid a dividend of $0.1829 per share. This represents a c) annualized dividend and a yield of 11.8%. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 152.2% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,513 shares of the company’s stock valued at $28,000 after acquiring an additional 913 shares during the period. Matrix Private Capital Group LLC acquired a new stake in Global X Nasdaq 100 Covered Call ETF in the 1st quarter valued at approximately $27,000. SHP Wealth Management acquired a new stake in Global X Nasdaq 100 Covered Call ETF in the 4th quarter valued at approximately $31,000. CoreCap Advisors LLC raised its position in Global X Nasdaq 100 Covered Call ETF by 231.0% in the second quarter. CoreCap Advisors LLC now owns 5,478 shares of the company’s stock valued at $101,000 after purchasing an additional 3,823 shares during the period. Finally, Green Ridge Wealth Planning LLC acquired a new position in Global X Nasdaq 100 Covered Call ETF during the fourth quarter worth $181,000.

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.