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

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 8,700 shares, a drop of 13.9% from the November 30th total of 10,100 shares. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is presently 1.0 days.

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

An institutional investor recently raised its position in Global X NASDAQ 100 Risk Managed Income ETF stock. Arete Wealth Advisors LLC raised its position in Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) by 45.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,866 shares of the company’s stock after purchasing an additional 9,972 shares during the quarter. Arete Wealth Advisors LLC owned 3.09% of Global X NASDAQ 100 Risk Managed Income ETF worth $540,000 as of its most recent SEC filing.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

Shares of NASDAQ:QRMI opened at $17.71 on Monday. The company has a market capitalization of $18.24 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 12-month low of $16.21 and a 12-month high of $17.85. The business has a 50-day moving average price of $17.15 and a 200 day moving average price of $16.98.

Global X NASDAQ 100 Risk Managed Income ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.1687 dividend. The ex-dividend date was Monday, November 18th.

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.