Global X NASDAQ 100 Covered Call ETFGlobal X NASDAQ 100 Covered Call ETFGlobal X NASDAQ 100 Covered Call ETF

Global X NASDAQ 100 Covered Call ETF

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Key stats

Assets under management (AUM)
‪8.22 B‬USD
Fund flows (1Y)
‪518.78 M‬USD
Dividend yield (indicated)
11.65%
Discount/Premium to NAV
0.08%

About Global X NASDAQ 100 Covered Call ETF

Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Expense ratio
0.61%
Inception date
Dec 12, 2013
Index tracked
Cboe NASDAQ-100 BuyWrite V2 Index
Management style
Passive
QYLD seeks yield from the Nasdaq-100 via options premium. Historically, investors came to the Nasdaq for growth, not yield. Enter QYLD, which provides Nasdaq-100 exposure but earns income by selling call options and passes it on to investors net of fees. Covered call ETFs are hardly new, but QYLD was the first to apply it to the Nasdaq-100. Expect a generally less volatile return pattern from QYLD relative to ETFs tracking the Nasdaq-100. Investors should use great care trading and monitor the asset levels. Also, note that the fund's prospectus allows a bit of leverage. The fund rebranded and changed its name from Recon Capital NASDAQ 100 Covered Call ETF to Horizons Nasdaq-100 Covered Call ETF on Feb. 28, 2017. Then on Oct. 22, 2028, the fund rebranded and updated its name to reflect Global X.

Classification

Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Buy-write
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Retail Trade
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy