Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Trading Down 0.6% – Should You Sell?

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) traded down 0.6% during trading on Thursday . The company traded as low as $15.67 and last traded at $15.70. 11,218 shares traded hands during trading, an increase of 15% from the average session volume of 9,788 shares. The stock had previously closed at $15.79.

Global X NASDAQ 100 Risk Managed Income ETF Trading Down 0.6%

The firm has a fifty day moving average of $15.98 and a two-hundred day moving average of $15.94. The company has a market cap of $16.33 million, a PE ratio of 33.04 and a beta of 0.37.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.1617 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 12.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QRMI. Tactive Advisors LLC lifted its position in shares of Global X NASDAQ 100 Risk Managed Income ETF by 38.6% during the third quarter. Tactive Advisors LLC now owns 47,723 shares of the company’s stock worth $756,000 after acquiring an additional 13,289 shares in the last quarter. Susquehanna International Group LLP raised its stake 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 valued at $440,000 after purchasing an additional 9,397 shares during the period. Osaic Holdings Inc. lifted its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 88.2% during the 2nd quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock worth $397,000 after purchasing an additional 11,619 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter worth about $163,000. Finally, Armstrong Advisory Group Inc. bought a new position in Global X NASDAQ 100 Risk Managed Income ETF in the 4th quarter worth about $32,000.

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.