Short Interest in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Drops By 32.5%

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 19,500 shares, a drop of 32.5% from the February 28th total of 28,900 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is currently 1.8 days.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

Shares of NASDAQ QRMI traded up $0.01 during mid-day trading on Monday, reaching $16.64. The company had a trading volume of 6,718 shares, compared to its average volume of 9,493. Global X NASDAQ 100 Risk Managed Income ETF has a twelve month low of $16.21 and a twelve month high of $17.85. The stock’s 50 day moving average is $17.22 and its 200-day moving average is $17.18. The stock has a market capitalization of $19.97 million, a PE ratio of 31.98 and a beta of 0.37.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.1679 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Investors Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

A hedge fund recently bought a new stake in Global X NASDAQ 100 Risk Managed Income ETF stock. SBI Securities Co. Ltd. bought a new position in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,894 shares of the company’s stock, valued at approximately $85,000. SBI Securities Co. Ltd. owned approximately 0.46% of Global X NASDAQ 100 Risk Managed Income ETF as of its most recent SEC filing.

About Global X NASDAQ 100 Risk Managed Income ETF

The Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that holds NASDAQ 100 stocks while employing an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis.