Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Shares Down 1.2% – Here’s Why

Shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) were down 1.2% during trading on Monday . The stock traded as low as $29.15 and last traded at $29.29. 60,427 shares traded hands during trading, an increase of 35% from the average session volume of 44,650 shares. The stock had previously closed at $29.64.

Nasdaq 100 Covered Call & Growth ETF Stock Performance

The stock has a market cap of $158.75 million, a PE ratio of 33.07 and a beta of 0.91. The firm has a fifty day moving average price of $29.51 and a 200 day moving average price of $28.44.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 27th. Shareholders of record on Monday, August 24th will be issued a $0.1709 dividend. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Nasdaq 100 Covered Call & Growth ETF

A hedge fund recently raised its position in Nasdaq 100 Covered Call & Growth ETF stock. Triumph Capital Management boosted its position in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) by 4.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 16,299 shares of the company’s stock after acquiring an additional 723 shares during the quarter. Triumph Capital Management owned about 0.40% of Nasdaq 100 Covered Call & Growth ETF worth $478,000 at the end of the most recent reporting period.

About Nasdaq 100 Covered Call & Growth ETF

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an exchange-traded fund that is based on the Cboe Nasdaq 100 Half BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on half the value of those stocks, to collect the premiums and allow for growth. QYLG was launched on Sep 18, 2020 and is managed by Global X.