Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Short Interest Up 9,800.0% in July

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,900 shares, anincreaseof9,800.0% from the July 15th total of 100 shares. Currently,0.9% of the company’s shares are sold short. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is presently 1.2 days. Currently,0.9% of the company’s shares are sold short.

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

QRMI opened at $15.91 on Friday. The business has a fifty day moving average of $16.01 and a 200 day moving average of $16.40. Global X NASDAQ 100 Risk Managed Income ETF has a 52-week low of $15.68 and a 52-week high of $17.77. The stock has a market cap of $17.98 million, a P/E ratio of 33.04 and a beta of 0.39.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 28th. Stockholders of record on Monday, July 21st were paid a $0.1604 dividend. The ex-dividend date was Monday, July 21st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X NASDAQ 100 Risk Managed Income ETF stock. Kingsview Wealth Management LLC bought a new position in shares of Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 74,362 shares of the company’s stock, valued at approximately $1,237,000. Kingsview Wealth Management LLC owned approximately 6.30% of Global X NASDAQ 100 Risk Managed Income ETF at the end of the most recent quarter.

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.