Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Shares Down 2.1% – Here’s What Happened

Shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) traded down 2.1% during trading on Thursday . The company traded as low as $26.73 and last traded at $26.74. 40,802 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 56,417 shares. The stock had previously closed at $27.31.

Nasdaq 100 Covered Call & Growth ETF Price Performance

The business’s 50-day moving average is $28.33 and its two-hundred day moving average is $28.90. The firm has a market cap of $135.84 million, a P/E ratio of 33.07 and a beta of 0.89.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a dividend of $0.157 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 7.0%.

Institutional Investors Weigh In On Nasdaq 100 Covered Call & Growth ETF

A hedge fund recently raised its stake in Nasdaq 100 Covered Call & Growth ETF stock. Triumph Capital Management lifted its holdings in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,299 shares of the company’s stock after acquiring an additional 723 shares during the quarter. Triumph Capital Management owned approximately 0.40% of Nasdaq 100 Covered Call & Growth ETF worth $478,000 as of its most recent SEC filing.

About Nasdaq 100 Covered Call & Growth ETF

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an exchange-traded fund that is based on the Cboe Nasdaq 100 Half BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on half the value of those stocks, to collect the premiums and allow for growth. QYLG was launched on Sep 18, 2020 and is managed by Global X.