Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 1-Year High – Should You Buy?

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) reached a new 52-week high during trading on Thursday . The stock traded as high as $18.79 and last traded at $18.78, with a volume of 349755 shares traded. The stock had previously closed at $18.78.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71. The company has a fifty day simple moving average of $18.29 and a two-hundred day simple moving average of $17.93.

Global X Nasdaq 100 Covered Call ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.1804 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC grew its position in Global X Nasdaq 100 Covered Call ETF by 601.6% during the third quarter. Crewe Advisors LLC now owns 1,712 shares of the company’s stock valued at $31,000 after acquiring an additional 1,468 shares during the period. Copley Financial Group Inc. acquired a new position in Global X Nasdaq 100 Covered Call ETF during the third quarter valued at approximately $35,000. Oliver Lagore Vanvalin Investment Group grew its stake in Global X Nasdaq 100 Covered Call ETF by 46.5% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 2,930 shares of the company’s stock worth $52,000 after buying an additional 930 shares during the period. Chris Bulman Inc acquired a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the second quarter worth $54,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 2nd quarter valued at $67,000.

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.