Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Sees Large Increase in Short Interest

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 11,500 shares, an increase of 17.3% from the October 15th total of 9,800 shares. Based on an average trading volume of 8,400 shares, the short-interest ratio is currently 1.4 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. Arete Wealth Advisors LLC increased its position in shares of Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) by 45.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,866 shares of the company’s stock after purchasing an additional 9,972 shares during the period. Arete Wealth Advisors LLC owned 3.09% of Global X NASDAQ 100 Risk Managed Income ETF worth $540,000 at the end of the most recent quarter.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

Shares of NASDAQ QRMI traded down $0.24 during midday trading on Friday, hitting $17.04. The company’s stock had a trading volume of 23,971 shares, compared to its average volume of 8,913. The firm has a market capitalization of $17.55 million, a price-to-earnings ratio of 26.54 and a beta of 0.39. The business’s fifty day simple moving average is $17.03 and its two-hundred day simple moving average is $16.92. Global X NASDAQ 100 Risk Managed Income ETF has a 1 year low of $16.21 and a 1 year high of $17.85.

Global X NASDAQ 100 Risk Managed Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, October 21st were paid a $0.172 dividend. This is a boost from Global X NASDAQ 100 Risk Managed Income ETF’s previous monthly dividend of $0.17. This represents a $2.06 annualized dividend and a dividend yield of 12.11%. The ex-dividend date of this dividend was Monday, October 21st.

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.