Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Short Interest Down 35.8% in August

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 17,914 shares, a drop of 35.8% from the July 30th total of 27,913 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 7,246 shares, the short-interest ratio is presently 2.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tactive Advisors LLC grew its holdings in shares of Global X NASDAQ 100 Risk Managed Income ETF by 3.6% in the 2nd quarter. Tactive Advisors LLC now owns 44,947 shares of the company’s stock valued at $702,000 after acquiring an additional 1,551 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the 3rd quarter valued at about $31,000. Strategic Advisors LLC bought a new position in Global X NASDAQ 100 Risk Managed Income ETF during the second quarter worth about $67,000. Nwam LLC acquired a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF in the second quarter valued at approximately $130,000. Finally, Susquehanna International Group LLP increased its holdings in shares of 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 during the last quarter.

Global X NASDAQ 100 Risk Managed Income ETF Trading Down 0.3%

Shares of QRMI stock traded down $0.05 on Tuesday, hitting $15.14. The stock had a trading volume of 1,078 shares, compared to its average volume of 8,420. Global X NASDAQ 100 Risk Managed Income ETF has a twelve month low of $14.85 and a twelve month high of $16.25. The company has a fifty day moving average price of $15.26 and a two-hundred day moving average price of $15.41. The firm has a market cap of $15.59 million, a P/E ratio of 33.04 and a beta of 0.38.

Global X NASDAQ 100 Risk Managed Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 24th were issued a $0.1538 dividend. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date was Monday, August 24th.

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. QRMI was launched on Aug 25, 2021 and is managed by Global X.