Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sees Strong Trading Volume – Should You Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) shares saw unusually-strong trading volume on Tuesday . Approximately 9,107,422 shares traded hands during mid-day trading, an increase of 82% from the previous session’s volume of 5,005,018 shares.The stock last traded at $16.80 and had previously closed at $16.74.

Global X Nasdaq 100 Covered Call ETF Price Performance

The firm has a fifty day simple moving average of $18.26 and a 200-day simple moving average of $18.18. The firm has a market cap of $7.83 billion, a P/E ratio of 33.29 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were given a $0.165 dividend. The ex-dividend date was Monday, February 24th.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

A number of large investors have recently bought and sold shares of QYLD. Atria Investments Inc grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 21.1% in the third quarter. Atria Investments Inc now owns 204,265 shares of the company’s stock valued at $3,685,000 after purchasing an additional 35,656 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in Global X Nasdaq 100 Covered Call ETF by 3.7% during the third quarter. First Heartland Consultants Inc. now owns 15,777 shares of the company’s stock valued at $285,000 after buying an additional 567 shares during the period. Oppenheimer & Co. Inc. grew its position in Global X Nasdaq 100 Covered Call ETF by 10.9% during the third quarter. Oppenheimer & Co. Inc. now owns 61,678 shares of the company’s stock worth $1,113,000 after buying an additional 6,081 shares in the last quarter. Kovack Advisors Inc. increased its stake in Global X Nasdaq 100 Covered Call ETF by 8.8% in the 3rd quarter. Kovack Advisors Inc. now owns 25,947 shares of the company’s stock worth $468,000 after acquiring an additional 2,109 shares during the last quarter. Finally, Kapstone Financial Advisors LLC raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 22.6% in the 3rd quarter. Kapstone Financial Advisors LLC now owns 15,192 shares of the company’s stock valued at $274,000 after acquiring an additional 2,800 shares in the last quarter.

About Global X Nasdaq 100 Covered Call ETF

The Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund that is based on the Cboe NASDAQ-100 BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums. QYLD was launched on Dec 12, 2013 and is managed by Global X.