Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Sees Significant Increase in Short Interest

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 94,092 shares, an increase of 180.1% from the September 30th total of 33,598 shares. Based on an average daily volume of 93,097 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.5% of the shares of the stock are short sold.

Nasdaq 100 Covered Call & Growth ETF Trading Down 2.8%

Nasdaq 100 Covered Call & Growth ETF stock traded down $0.84 during midday trading on Friday, hitting $28.88. 25,497 shares of the stock were exchanged, compared to its average volume of 46,231. Nasdaq 100 Covered Call & Growth ETF has a fifty-two week low of $25.01 and a fifty-two week high of $30.98. The stock’s 50-day simple moving average is $29.97 and its 200 day simple moving average is $28.73. The stock has a market capitalization of $181.97 million, a price-to-earnings ratio of 33.07 and a beta of 0.91.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Monday, October 19th were issued a $0.17 dividend. This is a positive change from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.1398. The ex-dividend date was Monday, October 19th. This represents a $2.04 dividend on an annualized basis and a yield of 7.1%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nasdaq 100 Covered Call & Growth ETF stock. Oarsman Capital Inc. acquired a new stake in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 37,492 shares of the company’s stock, valued at approximately $1,136,000. Oarsman Capital Inc. owned 0.69% of Nasdaq 100 Covered Call & Growth ETF at the end of the most recent reporting period.

About Nasdaq 100 Covered Call & Growth ETF

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.