Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Short Interest Update

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,200 shares, a decline of 18.2% from the August 15th total of 19,800 shares. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors 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 grew its stake in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,818 shares of the company’s stock after purchasing an additional 741 shares during the quarter. Triumph Capital Management owned approximately 1.82% of Global X NASDAQ 100 Risk Managed Income ETF worth $241,000 as of its most recent SEC filing.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

Shares of NASDAQ QRMI opened at $16.98 on Monday. The stock has a market capitalization of $15.62 million, a price-to-earnings ratio of 26.54 and a beta of 0.39. The firm’s 50 day simple moving average is $16.78 and its 200-day simple moving average is $16.99. Global X NASDAQ 100 Risk Managed Income ETF has a 12 month low of $16.21 and a 12 month high of $17.85.

Global X NASDAQ 100 Risk Managed Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were issued a $0.17 dividend. This is a boost from Global X NASDAQ 100 Risk Managed Income ETF’s previous monthly dividend of $0.17. The ex-dividend date was Monday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 12.01%.

Global X NASDAQ 100 Risk Managed Income ETF Company Profile

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.