Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Stock Price Up 0.4% – Here’s What Happened

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) shares traded up 0.4% during mid-day trading on Wednesday . The company traded as high as $15.45 and last traded at $15.43. 5,166 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 8,931 shares. The stock had previously closed at $15.37.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

The stock has a fifty day moving average price of $15.37 and a 200-day moving average price of $15.74. The company has a market cap of $16.26 million, a PE ratio of 33.04 and a beta of 0.38.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 18th were issued a dividend of $0.1536 per share. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Monday, May 18th.

Institutional Trading of Global X NASDAQ 100 Risk Managed Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of QRMI. Osaic Holdings Inc. raised its holdings in shares of Global X NASDAQ 100 Risk Managed Income ETF by 88.2% during the second quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock worth $397,000 after acquiring an additional 11,619 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the fourth quarter worth $163,000. Susquehanna International Group LLP raised its holdings in shares of Global X NASDAQ 100 Risk Managed Income ETF by 51.2% during the third quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock worth $440,000 after acquiring an additional 9,397 shares in the last quarter. Tactive Advisors LLC raised its holdings in shares of Global X NASDAQ 100 Risk Managed Income ETF by 6.7% during the first quarter. Tactive Advisors LLC now owns 43,396 shares of the company’s stock worth $653,000 after acquiring an additional 2,734 shares in the last quarter. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the fourth quarter worth $32,000.

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.