Short Interest in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Decreases By 58.8%

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 4,200 shares, a decrease of 58.8% from the May 31st total of 10,200 shares. Based on an average daily volume of 8,600 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

A hedge fund recently raised its stake in Global X NASDAQ 100 Risk Managed Income ETF stock. Triumph Capital Management boosted its stake in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) by 5.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,818 shares of the company’s stock after buying an additional 741 shares during the quarter. Triumph Capital Management owned approximately 1.82% of Global X NASDAQ 100 Risk Managed Income ETF worth $241,000 as of its most recent filing with the SEC.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

Global X NASDAQ 100 Risk Managed Income ETF stock traded down $0.05 during trading hours on Friday, hitting $16.85. The stock had a trading volume of 18,424 shares, compared to its average volume of 8,496. The stock has a market capitalization of $13.14 million, a price-to-earnings ratio of 26.54 and a beta of 0.39. Global X NASDAQ 100 Risk Managed Income ETF has a 1-year low of $16.49 and a 1-year high of $18.38. The stock’s fifty day moving average is $16.91 and its two-hundred day moving average is $17.16.

Global X NASDAQ 100 Risk Managed Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 24th will be paid a $0.1701 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 12.11%. This is a boost 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.

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.