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 May 2, 2024, QYLG stock price climbed to $29.62 with 490,048 million shares trading.

QYLG has a beta of 0.97, meaning it tends to be less sensitive to market movements. QYLG has a correlation of 0.82 to the broad based SPY ETF.

QYLG has a market cap of $115.22 million. This is considered a Micro Cap stock.

In the last 3 years, QYLG stock traded as high as $34.20 and as low as $21.06.

QYLG has underperformed the market in the last year with a price return of +23.1% while the SPY ETF gained +23.2%. QYLG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.7% and +0.3%, respectively, while the SPY returned +3.6% and +0.9%, respectively.

QYLG support price is $29.04 and resistance is $29.66 (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 stock will trade within this expected range on the day.