Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Trading Up 0.3% – Here’s Why

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI)’s stock price rose 0.3% during trading on Friday . The company traded as high as $15.56 and last traded at $15.56. 2,498 shares were traded during mid-day trading, a decline of 71% from the average session volume of 8,517 shares. The stock had previously closed at $15.52.

Global X NASDAQ 100 Risk Managed Income ETF Trading Up 0.3%

The firm has a market capitalization of $15.87 million, a price-to-earnings ratio of 33.04 and a beta of 0.38. The stock’s fifty day moving average price is $15.52 and its two-hundred day moving average price is $15.62.

Global X NASDAQ 100 Risk Managed Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 22nd were issued a $0.1603 dividend. The ex-dividend date was Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

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

Several institutional investors have recently added to or reduced their stakes in the business. Tactive Advisors LLC boosted its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 3.6% in the second quarter. Tactive Advisors LLC now owns 44,947 shares of the company’s stock valued at $702,000 after purchasing an additional 1,551 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the fourth quarter worth approximately $163,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter worth approximately $32,000. Triumph Capital Management purchased a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 3rd quarter worth approximately $31,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of Global X NASDAQ 100 Risk Managed Income ETF by 51.2% in the 3rd quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock valued at $440,000 after buying an additional 9,397 shares in the last quarter.

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