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

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 14,300 shares, an increase of 53.8% from the July 31st total of 9,300 shares. Based on an average trading volume of 21,800 shares, the days-to-cover ratio is currently 0.7 days.

Nasdaq 100 Covered Call & Growth ETF Stock Up 0.8 %

NASDAQ:QYLG opened at $31.57 on Friday. The firm has a 50 day moving average of $31.30 and a 200 day moving average of $30.72. The stock has a market capitalization of $110.50 million, a price-to-earnings ratio of 34.17 and a beta of 0.93. Nasdaq 100 Covered Call & Growth ETF has a 52 week low of $25.50 and a 52 week high of $32.60.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were paid a dividend of $0.204 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 7.75%. This is a boost from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nasdaq 100 Covered Call & Growth ETF stock. Wetzel Investment Advisors Inc. bought a new stake in Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,300 shares of the company’s stock, valued at approximately $38,000.

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.