Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Stock Breaks Below 200 Day Moving Average – What’s Next?

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $17.95 and traded as low as $16.86. Global X Nasdaq 100 Covered Call ETF shares last traded at $16.87, with a volume of 13,437,778 shares traded.

Global X Nasdaq 100 Covered Call ETF Trading Up 1.4%

The company has a 50-day moving average of $18.33 and a 200-day moving average of $17.95. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 32.28 and a beta of 0.62.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Monday, October 19th were issued a $0.1826 dividend. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1767. This represents a $2.19 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Monday, October 19th.

Institutional Investors Weigh In On Global X Nasdaq 100 Covered Call ETF

A number of large investors have recently made changes to their positions in QYLD. Bank of America Corp DE increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 0.7% in the 1st quarter. Bank of America Corp DE now owns 4,887,612 shares of the company’s stock valued at $83,823,000 after acquiring an additional 34,751 shares during the period. Foguth Wealth Management LLC. increased its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 67.4% in the first quarter. Foguth Wealth Management LLC. now owns 2,083,167 shares of the company’s stock valued at $37,664,000 after purchasing an additional 838,503 shares during the period. IMC Chicago LLC increased its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 469.0% in the first quarter. IMC Chicago LLC now owns 1,295,978 shares of the company’s stock valued at $22,226,000 after purchasing an additional 1,068,210 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the second quarter worth about $12,233,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the third quarter worth about $12,057,000.

Global X Nasdaq 100 Covered Call ETF Company Profile

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.