Short Interest in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Increases By 17.3%

Posted by Faye Duncan on Nov 18th, 2024

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI – Get Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 11,500 shares, an increase of 17.3% from the October 15th total of 9,800 shares. Based on an average trading volume of 8,400 shares, the short-interest ratio is currently 1.4 days.

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

An institutional investor recently raised its position in Global X NASDAQ 100 Risk Managed Income ETF stock. Arete Wealth Advisors LLC grew its holdings in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI – Free Report) by 45.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,866 shares of the company’s stock after purchasing an additional 9,972 shares during the period. Arete Wealth Advisors LLC owned approximately 3.09% of Global X NASDAQ 100 Risk Managed Income ETF worth $540,000 as of its most recent SEC filing.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

NASDAQ QRMI traded down $0.24 on Friday, reaching $17.04. The stock had a trading volume of 23,971 shares, compared to its average volume of 8,913. Global X NASDAQ 100 Risk Managed Income ETF has a 1-year low of $16.21 and a 1-year high of $17.85. The company has a market cap of $17.55 million, a P/E ratio of 26.54 and a beta of 0.39. The firm has a fifty day moving average of $17.03 and a two-hundred day moving average of $16.92.

Global X NASDAQ 100 Risk Managed Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 21st were given a dividend of $0.172 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 12.11%. The ex-dividend date of this dividend was Monday, October 21st. This is a positive change from Global X NASDAQ 100 Risk Managed Income ETF’s previous monthly dividend of $0.17.

Global X NASDAQ 100 Risk Managed Income ETF Company Profile

(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.