Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Trading 1% Higher – Still a Buy?

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) rose 1% on Wednesday . The company traded as high as $27.38 and last traded at $27.23. Approximately 39,921 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 67,599 shares. The stock had previously closed at $26.96.

Nasdaq 100 Covered Call & Growth ETF Price Performance

The firm has a fifty day simple moving average of $29.10 and a 200 day simple moving average of $28.99. The company has a market capitalization of $135.06 million, a price-to-earnings ratio of 33.07 and a beta of 0.89.

Nasdaq 100 Covered Call & Growth ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Hedge Funds Weigh In On Nasdaq 100 Covered Call & Growth ETF

A number of large investors have recently added to or reduced their stakes in QYLG. Farther Finance Advisors LLC lifted its holdings in Nasdaq 100 Covered Call & Growth ETF by 133.1% during the second quarter. Farther Finance Advisors LLC now owns 5,381 shares of the company’s stock valued at $150,000 after purchasing an additional 3,073 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Nasdaq 100 Covered Call & Growth ETF by 15.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,742 shares of the company’s stock worth $271,000 after purchasing an additional 1,336 shares during the last quarter. Finally, Triumph Capital Management lifted its stake in Nasdaq 100 Covered Call & Growth ETF by 4.6% in the 3rd quarter. Triumph Capital Management now owns 16,299 shares of the company’s stock valued at $478,000 after buying an additional 723 shares in the last quarter.

Nasdaq 100 Covered Call & Growth ETF Company Profile

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.