Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $17.95 and traded as low as $16.86. Global X Nasdaq 100 Covered Call ETF shares last traded at $16.87, with a volume of 13,437,778 shares changing hands.

Global X Nasdaq 100 Covered Call ETF Trading Down 6.2%

The stock’s 50 day moving average price is $18.36 and its two-hundred day moving average price is $17.95. The firm has a market capitalization of $7.73 billion, a PE ratio of 32.28 and a beta of 0.62.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Monday, October 19th were issued a dividend of $0.1826 per share. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1767. The ex-dividend date was Monday, October 19th. This represents a $2.19 dividend on an annualized basis and a yield of 13.0%.

Hedge Funds Weigh In On Global X Nasdaq 100 Covered Call ETF

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Global X Nasdaq 100 Covered Call ETF by 0.7% in the first quarter. Bank of America Corp DE now owns 4,887,612 shares of the company’s stock valued at $83,823,000 after purchasing an additional 34,751 shares during the last quarter. Foguth Wealth Management LLC. boosted its stake in Global X Nasdaq 100 Covered Call ETF by 67.4% in the 1st quarter. Foguth Wealth Management LLC. now owns 2,083,167 shares of the company’s stock worth $37,664,000 after buying an additional 838,503 shares during the last quarter. IMC Chicago LLC boosted its stake in Global X Nasdaq 100 Covered Call ETF by 469.0% in the 1st quarter. IMC Chicago LLC now owns 1,295,978 shares of the company’s stock worth $22,226,000 after buying an additional 1,068,210 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF in the 2nd quarter valued at about $12,233,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF in the 3rd quarter valued at about $12,057,000.

About Global X Nasdaq 100 Covered Call ETF

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.