Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Sees Significant Growth in Short Interest

Posted by Caroline Horne on Jul 25th, 2024

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 14,100 shares, an increase of 781.3% from the June 30th total of 1,600 shares. Based on an average trading volume of 9,800 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

A hedge fund recently raised its stake in Global X NASDAQ 100 Risk Managed Income ETF stock. Triumph Capital Management boosted its holdings in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI – Free Report) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,077 shares of the company’s stock after acquiring an additional 1,065 shares during the quarter. Triumph Capital Management owned 1.95% of Global X NASDAQ 100 Risk Managed Income ETF worth $226,000 at the end of the most recent quarter.

Global X NASDAQ 100 Risk Managed Income ETF Trading Down 0.4 %

NASDAQ QRMI traded down $0.07 during trading hours on Thursday, hitting $16.59. The company’s stock had a trading volume of 14,402 shares, compared to its average volume of 8,580. Global X NASDAQ 100 Risk Managed Income ETF has a 52 week low of $16.49 and a 52 week high of $18.23. The company has a market capitalization of $14.93 million, a PE ratio of 26.54 and a beta of 0.39. The company’s 50-day simple moving average is $16.95 and its two-hundred day simple moving average is $17.15.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 29th. Investors of record on Monday, July 22nd will be given a $0.169 dividend. The ex-dividend date is Monday, July 22nd. This represents a $2.03 annualized dividend and a yield of 12.22%.

About Global X NASDAQ 100 Risk Managed Income ETF

(Get Free Report)

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.