QRMI Stock Summary and Trading Ideas (Global X Nasdaq 100 Risk Managed Income ETF | NASDAQ:QRMI)

The Global X Nasdaq 100 Risk Managed Income ETF (QRMI) employs a protective net-credit collar strategy for investors seeking the income characteristics of a covered call fund, while mitigating the risks of a major market selloff with a protective put. QRMI seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index (NDX), while buying 5% out-of-the-money put options on NDX and selling at-the-money call options on the same index.

Global X Nasdaq 100 Risk Managed Income ETF trades on the NASDAQ stock market under the symbol QRMI.

As of March 3, 2025, QRMI stock price declined to $16.89 with 13,109 million shares trading.

QRMI has a market cap of $18.75 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, QRMI traded as high as $21.78 and as low as $16.21.

QRMI has underperformed the market in the last year with a return of +9.5%, while SPY returned +16.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in QRMI shares. However, QRMI has outperformed the market in the last 3 month and 2 week periods, returning +2.4% and -3.8%, while SPY returned -2.2% and -4.3%, respectively. This indicates QRMI has been having a stronger performance recently.

QRMI support price is $16.95 and resistance is $17.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QRMI shares will trade within this expected range on the day.