Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sees Strong Trading Volume – What’s Next?

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) saw an uptick in trading volume on Tuesday . 9,107,422 shares changed hands during trading, an increase of 82% from the previous session’s volume of 5,005,018 shares.The stock last traded at $16.80 and had previously closed at $16.74.

Global X Nasdaq 100 Covered Call ETF Price Performance

The firm’s fifty day moving average is $18.32 and its two-hundred day moving average is $18.20. The firm has a market capitalization of $7.88 billion, a PE ratio of 33.29 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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

Large investors have recently made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 13.7% in the 4th quarter. LPL Financial LLC now owns 12,248,780 shares of the company’s stock worth $223,173,000 after purchasing an additional 1,474,869 shares during the period. Bank of America Corp DE grew its stake in shares of Global X Nasdaq 100 Covered Call ETF by 6.7% during the 4th quarter. Bank of America Corp DE now owns 5,450,276 shares of the company’s stock worth $99,304,000 after acquiring an additional 344,125 shares during the period. Global X Japan Co. Ltd. increased its holdings in Global X Nasdaq 100 Covered Call ETF by 22.8% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,414,274 shares of the company’s stock worth $98,648,000 after acquiring an additional 1,005,072 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the fourth quarter valued at about $72,550,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 5.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,167,272 shares of the company’s stock worth $39,489,000 after purchasing an additional 118,309 shares in the last quarter.

Global X Nasdaq 100 Covered Call ETF Company Profile

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.