Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 4,200 shares, a decline of 58.8% from the May 31st total of 10,200 shares. Based on an average trading volume of 8,600 shares, the short-interest ratio is presently 0.5 days.
Global X NASDAQ 100 Risk Managed Income ETF Stock Performance
Shares of QRMI traded down $0.05 during midday trading on Friday, hitting $16.85. 18,424 shares of the company traded hands, compared to its average volume of 8,496. The stock has a market cap of $13.14 million, a price-to-earnings ratio of 26.54 and a beta of 0.39. The firm has a 50 day moving average of $16.91 and a 200-day moving average of $17.16. Global X NASDAQ 100 Risk Managed Income ETF has a 52 week low of $16.49 and a 52 week high of $18.38.
Global X NASDAQ 100 Risk Managed Income ETF Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 24th will be paid a $0.1701 dividend. This is an increase from Global X NASDAQ 100 Risk Managed Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend is Monday, June 24th. This represents a $2.04 dividend on an annualized basis and a yield of 12.11%.
Institutional Trading of Global X NASDAQ 100 Risk Managed Income ETF
About Global X NASDAQ 100 Risk Managed Income ETF
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.
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