Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 12-Month High – Here’s Why

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) shares hit a new 52-week high on Tuesday . The company traded as high as $18.82 and last traded at $18.79, with a volume of 63317 shares. The stock had previously closed at $18.79.

Global X Nasdaq 100 Covered Call ETF Stock Down 0.0 %

The firm has a market cap of $8.88 billion, a PE ratio of 28.58 and a beta of 0.71. The stock’s fifty day simple moving average is $18.47 and its two-hundred day simple moving average is $18.12.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 21st were issued a $0.1877 dividend. The ex-dividend date was Tuesday, January 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new position in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth approximately $25,000. Kestra Investment Management LLC bought a new position in Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth approximately $25,000. Optiver Holding B.V. bought a new position in Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth approximately $25,000. Transce3nd LLC bought a new position in Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth approximately $31,000. Finally, Crewe Advisors LLC raised its position in Global X Nasdaq 100 Covered Call ETF by 601.6% in the third quarter. Crewe Advisors LLC now owns 1,712 shares of the company’s stock worth $31,000 after acquiring an additional 1,468 shares during the period.

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.