Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Stock Price Up 1.2% – Here’s Why

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI)’s stock price rose 1.2% during trading on Thursday . The company traded as high as $15.52 and last traded at $15.52. Approximately 9,410 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 8,924 shares. The stock had previously closed at $15.34.

Global X NASDAQ 100 Risk Managed Income ETF Trading Up 0.5%

The company has a market cap of $16.37 million, a P/E ratio of 33.04 and a beta of 0.38. The business’s fifty day moving average is $15.45 and its 200 day moving average is $15.69.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 18th were issued a $0.1536 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend was Monday, May 18th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tactive Advisors LLC raised its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 6.7% during the 1st quarter. Tactive Advisors LLC now owns 43,396 shares of the company’s stock valued at $653,000 after acquiring an additional 2,734 shares during the period. Susquehanna International Group LLP raised its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 51.2% during the 3rd quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock valued at $440,000 after acquiring an additional 9,397 shares during the period. Osaic Holdings Inc. raised its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 88.2% during the 2nd quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock valued at $397,000 after acquiring an additional 11,619 shares during the period. Cetera Investment Advisers bought a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter valued at $163,000. Finally, Armstrong Advisory Group Inc. bought a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter valued at $32,000.

Global X NASDAQ 100 Risk Managed Income ETF Company Profile

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. QRMI was launched on Aug 25, 2021 and is managed by Global X.