NASDAQ:QYLD

Global X Nasdaq 100 Covered Call ETF (QYLD) Price, Holdings, & News

$17.39
+0.02 (+0.12%)
(As of 04/24/2024 ET)
Today's Range
$17.35
$17.44
50-Day Range
$17.22
$18.04
52-Week Range
$16.25
$18.16
Volume
4.96 million shs
Average Volume
3.80 million shs
Market Capitalization
$7.93 billion
Assets Under Management
$7.93 billion
Dividend Yield
12.88%
Net Expense Ratio
0.60%
QYLD stock logo

About Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Global X NASDAQ 100 Covered Call ETF is a prominent exchange-traded fund (ETF) listed on the NASDAQ exchange under the ticker symbol QYLD. The fund was launched in July 2010 and is managed by Global X Management Company LLC, headquartered in New York City, with additional offices in London and Hong Kong.

As the name suggests, Global X NASDAQ 100 Covered Call ETF seeks to provide investors with income and capital appreciation through a covered call strategy. The fund aims to track the performance of the CBOE NASDAQ-100 BuyWrite V2 Index, which reflects the performance of a portfolio of stocks in the NASDAQ 100 Index and an overlay strategy of writing covered call options on the same index.

A covered call strategy involves selling call options on an investor's security to generate additional income from the option premiums. In the case of Global X NASDAQ 100 Covered Call ETF, the fund writes covered call options on the NASDAQ 100 Index, which includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market based on market capitalization.

One of the significant advantages of investing in Global X NASDAQ 100 Covered Call ETF is the potential for higher income. The fund generates revenue from the premiums selling covered call options on the NASDAQ 100 Index. This income is then distributed to investors in the form of dividends. Global X NASDAQ 100 Covered Call ETF has an average dividend yield of around 10%. 

In terms of financial performance, Global X NASDAQ 100 Covered Call ETF has seen stable growth in assets under management over the past few years. The fund has generated solid returns for investors, with a 5-year annualized return of about 8%. In terms of valuation, Global X NASDAQ 100 Covered Call ETF has a price-to-earnings ratio and a price-to-book ratio that aligns with industry peers and reflects the fund's focus on generating income through a covered call strategy rather than relying solely on capital appreciation. The market performance of Global X NASDAQ 100 Covered Call ETF has been positive recently, with the fund returning around 10% in Q1 of 2023. The fund has seen increased trading volume over the past few years, which correlates to increased interest in Global X NASDAQ 100 Covered Call ETF. 

One of the major advantages of investing in Global X NASDAQ 100 Covered Call ETF is its diversification. The fund invests in a diversified portfolio of stocks in the NASDAQ 100 Index, including some of the world's largest and most well-known technology companies, such as Apple, Amazon, and Facebook. This exposes investors to a broad range of companies and industries, reducing the risk of concentration in any stock or sector.

The broader industry in which Global X NASDAQ 100 Covered Call ETF operates is the exchange-traded fund industry, which has seen rapid growth in recent years as more investors seek low-cost and diversified investment options according to data from ETFGI, global assets under management in ETFs surpassed $9 trillion as of February 2023, up from $7 trillion in 2021. The trend is expected to continue, driven by factors such as low-interest rates, the shift towards passive investing, and increased ETF adoption by institutional investors.

The ETF industry is highly competitive, with numerous providers vying for market share. Global X NASDAQ 100 Covered Call ETF competes with other ETFs focusing on the NASDAQ 100 Index and using covered call strategies to generate income. 

The fund could see growth opportunities through the potential for increased ETF adoption by institutional investors. While retail investors have been the primary users of ETFs in the past, institutional investors such as pension funds and endowments are increasingly turning to ETFs to gain exposure to specific sectors or asset classes.

Despite the potential growth opportunities, Global X NASDAQ 100 Covered Call ETF faces several risks and challenges. One of the main risks is the potential for changes in market conditions that could negatively impact the fund's performance. For example, a sharp decline in the NASDAQ 100 Index could result in a significant loss for the fund, as the premiums received from selling covered call options may not be enough to offset the decline in the value of the underlying securities.

Another risk facing the fund is the potential for changes in regulatory or political conditions that could impact the ETF industry as a whole. For example, changes to tax laws or regulations governing ETFs could result in increased costs or decreased demand for ETFs, negatively impacting the fund's performance.

QYLD Stock Price History

QYLD ETF News Headlines

QYLD: Risks Outweigh Upside Potential
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
RYLD: Lagging Other Buy-Write ETFs
See More Headlines
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Fund Details

Issuer
Global X
Fund Name
Global X Nasdaq 100 Covered Call ETF
Tax Classification
Regulated Investment Company
Current Symbol
NASDAQ:QYLD
Inception Date
12/11/2013
Fund Manager
Chang Kim, CFA; James Ong, CFA; Nam To; Wayne Xie

Fund Focus

Asset Class
Equity
Benchmark
CBOE Nasdaq-100 BuyWrite V2 Index
Category
Strategy
Focus
Buywrite
Development Level
Developed Markets
Region
North America
Number of Holdings
104

Fund Statistics

Assets Under Management
$7.93 billion
Average Daily Volume
$4.92 million
Discount/Premium
-0.01%

Administrator, Advisor and Custodian

Administrator
Global X Management Company LLC
Advisor
Global X Management Company LLC
Custodian
Brown Brothers Harriman & Co.
Distributor
SEI Investments Distribution Co.
Transfer Agent
Brown Brothers Harriman & Co.
Trustee
Stradley Ronon Stevens & Young, LLP
Lead Market Maker
Virtu Financial

Options

Optionable
Optionable
Options Volume
344
Put Options
48
Call Options
296
Short Interest
2,160,000 shs

Miscellaneous

Beta
0.71
Creation Unit
50,000
Creation Fee
$500.00
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Global X Nasdaq 100 Covered Call ETF Expenses

TypeQYLDBuywrite ETFsEquity ETFsNASDAQ ETFsAll ETFs
Management Fee0.60%0.60%0.54%0.48%0.51%
Other Expenses0.00%0.90%0.54%0.34%0.58%
Total Expense0.60%0.82%0.70%0.58%0.70%
Fee Waiver0.00%-0.59%-0.54%-0.22%-0.57%
Net Expense0.60%0.68%0.60%0.54%0.58%

Global X Nasdaq 100 Covered Call ETF (QYLD) Holdings & Exposure

QYLD Sector Exposure

QYLD Industry Exposure


QYLD ETF - Frequently Asked Questions

How have QYLD shares performed in 2024?

Global X Nasdaq 100 Covered Call ETF's stock was trading at $17.34 on January 1st, 2024. Since then, QYLD stock has increased by 0.3% and is now trading at $17.39.
View the best growth stocks for 2024 here
.

Are investors shorting Global X Nasdaq 100 Covered Call ETF?

Global X Nasdaq 100 Covered Call ETF saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 12,600 shares, a decrease of 99.5% from the March 15th total of 2,540,000 shares. Based on an average daily trading volume, of 11,600 shares, the short-interest ratio is presently 1.1 days.
View Global X Nasdaq 100 Covered Call ETF's Short Interest
.

How often does Global X Nasdaq 100 Covered Call ETF pay dividends? What is the dividend yield for Global X Nasdaq 100 Covered Call ETF?

Global X Nasdaq 100 Covered Call ETF announced a monthly dividend on Friday, April 19th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.1723 per share on Tuesday, April 30th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 11.89%. The ex-dividend date is Monday, April 22nd.
Read our dividend analysis for QYLD
.

What does QYLD invest in?

Global X Nasdaq 100 Covered Call ETF is a equity fund issued by Global X. QYLD focuses on buywrite investments and follows the CBOE Nasdaq-100 BuyWrite V2 Index. The fund's investments total to approximately $7.93 billion assets under management.

What stocks does Global X Nasdaq 100 Covered Call ETF hold?
What is the management fee for Global X Nasdaq 100 Covered Call ETF?

Global X Nasdaq 100 Covered Call ETF's management fee is 0.60% and has no other recorded expenses or fee waivers. The net expense ratio for QYLD is 0.60%.

What other stocks do shareholders of Global X Nasdaq 100 Covered Call ETF own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Global X Nasdaq 100 Covered Call ETF investors own include NVIDIA (NVDA), Tesla (TSLA), AbbVie (ABBV), Shopify (SHOP), AT&T (T), Salesforce (CRM), Gilead Sciences (GILD), International Business Machines (IBM), PayPal (PYPL) and CVS Health (CVS).

Who are Global X Nasdaq 100 Covered Call ETF's major shareholders?

Global X Nasdaq 100 Covered Call ETF's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Raymond James Financial Services Advisors Inc. (0.64%), Raymond James & Associates (0.33%), Brookstone Capital Management (0.27%), Wealth Enhancement Advisory Services LLC (0.22%), Unique Wealth LLC (0.09%) and Legacy CG LLC (0.06%).

How do I buy shares of Global X Nasdaq 100 Covered Call ETF?

Shares of QYLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:QYLD) was last updated on 4/24/2024 by MarketBeat.com Staff

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