Short Interest in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Declines By 21.4%

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 10,452,468 shares, a decline of 21.4% from the December 15th total of 13,295,153 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average daily trading volume, of 4,545,449 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 4,545,449 shares, the short-interest ratio is presently 2.3 days. Currently, 2.3% of the company’s stock are sold short.

Global X Nasdaq 100 Covered Call ETF Trading Down 0.1%

Shares of NASDAQ:QYLD traded down $0.01 on Monday, reaching $17.88. The company had a trading volume of 7,778,447 shares, compared to its average volume of 6,362,956. The firm has a market capitalization of $8.33 billion, a PE ratio of 32.28 and a beta of 0.65. Global X Nasdaq 100 Covered Call ETF has a 52-week low of $14.48 and a 52-week high of $18.89. The firm’s 50 day simple moving average is $17.60 and its 200-day simple moving average is $17.17.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th will be issued a $0.1786 dividend. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date is Tuesday, January 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Global X Japan Co. Ltd. lifted its position in Global X Nasdaq 100 Covered Call ETF by 15.2% during the third quarter. Global X Japan Co. Ltd. now owns 13,275,162 shares of the company’s stock valued at $225,811,000 after acquiring an additional 1,752,324 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 22.1% during the second quarter. Ameriprise Financial Inc. now owns 3,161,576 shares of the company’s stock worth $52,883,000 after purchasing an additional 571,203 shares in the last quarter. CWM LLC lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 4.1% during the 2nd quarter. CWM LLC now owns 2,635,875 shares of the company’s stock valued at $44,072,000 after purchasing an additional 104,744 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Global X Nasdaq 100 Covered Call ETF by 7.9% in the 2nd quarter. Cetera Investment Advisers now owns 1,486,807 shares of the company’s stock worth $24,859,000 after purchasing an additional 108,720 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in shares of Global X Nasdaq 100 Covered Call ETF by 8.9% in the 2nd quarter. Brookstone Capital Management now owns 1,423,652 shares of the company’s stock worth $23,803,000 after purchasing an additional 116,194 shares in the last quarter.

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.