Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Shares Up 1.2% – Here’s Why

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI)’s share price was up 1.2% during mid-day trading on Thursday . The stock traded as high as $15.52 and last traded at $15.52. Approximately 9,410 shares traded hands during trading, an increase of 5% from the average daily volume of 8,924 shares. The stock had previously closed at $15.34.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

The firm has a market capitalization of $16.30 million, a PE ratio of 33.04 and a beta of 0.38. The company’s 50-day moving average price is $15.44 and its 200-day moving average price is $15.69.

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. Stockholders of record on Monday, May 18th were given a dividend of $0.1536 per share. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend was Monday, May 18th.

Institutional Investors Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

Several institutional investors have recently modified their holdings of the company. Tactive Advisors LLC lifted its position in shares of Global X NASDAQ 100 Risk Managed Income ETF by 6.7% during the 1st quarter. Tactive Advisors LLC now owns 43,396 shares of the company’s stock worth $653,000 after purchasing an additional 2,734 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter worth $163,000. Armstrong Advisory Group Inc. acquired a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter worth $32,000. Triumph Capital Management acquired a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 3rd quarter worth $31,000. Finally, Susquehanna International Group LLP raised its stake in Global X NASDAQ 100 Risk Managed Income ETF by 51.2% during the 3rd 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.

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.