QYLG Stock Summary and Trading Ideas (Global X Nasdaq 100 Covered Call & Growth ETF | NASDAQ:QYLG)

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE Nasdaq-100 Half BuyWrite V2 Index. The CBOE NASDAQ-100 Half BuyWrite V2 Index measures the total rate of return of a hypothetical covered call strategy applied to the NASDAQ-100 Index that only writes half a unit of an at-the-money monthly Call option for every notional unit of the long position.

Global X Nasdaq 100 Covered Call & Growth ETF trades on the NASDAQ stock market under the symbol QYLG.

As of March 4, 2025, QYLG stock price was flat at $27.12 with 47,082 million shares trading.

QYLG has a beta of 1.06, meaning it tends to be more sensitive to market movements. QYLG has a correlation of 0.84 to the broad based SPY ETF.

QYLG has a market cap of $104.41 million. This is considered a Micro Cap stock.

In the last 3 years, QYLG traded as high as $34.19 and as low as $21.06.

QYLG has underperformed the market in the last year with a price return of +11.6% while the SPY ETF gained +13.9%. However, in the short term, QYLG had mixed performance relative to the market. It has outperformed in the last 3 months, returning -1.6% vs -4.2% return in SPY. But in the last 2 weeks, QYLG shares have been beat by the market, returning -6.9% compared to an SPY return of -5.4%.

QYLG support price is $26.80 and resistance is $27.44 (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 QYLG shares will trade within this expected range on the day.