Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Stock Price Down 0.5% – Here’s Why

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG)’s stock price fell 0.5% on Monday . The company traded as low as $29.54 and last traded at $29.68. 35,564 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 36,716 shares. The stock had previously closed at $29.83.

Nasdaq 100 Covered Call & Growth ETF Price Performance

The firm has a market cap of $120.80 million, a PE ratio of 33.07 and a beta of 0.89. The company has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $28.30.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, October 20th were paid a $0.2399 dividend. This is a positive change from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, October 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

Institutional Trading of Nasdaq 100 Covered Call & Growth ETF

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its position in Nasdaq 100 Covered Call & Growth ETF by 133.1% during the second quarter. Farther Finance Advisors LLC now owns 5,381 shares of the company’s stock valued at $150,000 after buying an additional 3,073 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Nasdaq 100 Covered Call & Growth ETF by 15.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,742 shares of the company’s stock valued at $271,000 after acquiring an additional 1,336 shares during the period. Finally, Triumph Capital Management boosted its holdings in Nasdaq 100 Covered Call & Growth ETF by 4.6% during the 3rd quarter. Triumph Capital Management now owns 16,299 shares of the company’s stock valued at $478,000 after acquiring an additional 723 shares during the 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.