Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 52-Week High – Here’s Why

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)’s stock price reached a new 52-week high on Monday . The company traded as high as $18.18 and last traded at $18.18, with a volume of 90975 shares changing hands. The stock had previously closed at $18.09.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The firm has a market capitalization of $8.44 billion, a P/E ratio of 32.28 and a beta of 0.62. The business’s fifty day moving average price is $17.85 and its two-hundred day moving average price is $17.68.

Global X Nasdaq 100 Covered Call ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 18th were issued a $0.1785 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date was Monday, May 18th.

Institutional Investors Weigh In On Global X Nasdaq 100 Covered Call ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in Global X Nasdaq 100 Covered Call ETF by 286.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,491 shares of the company’s stock valued at $26,000 after buying an additional 1,105 shares during the last quarter. Matrix Private Capital Group LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF in the first quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Global X Nasdaq 100 Covered Call ETF in the third quarter valued at about $30,000. SHP Wealth Management purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth approximately $31,000. Finally, Friedenthal Financial purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth approximately $32,000.

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.