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Global X NASDAQ 100 Covered Call ETF (QYLD-Q)
NASDAQ:QYLD
17.37
0.03
(0.14%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 3 opinions in the last 12 months.
Experts have mixed opinions about Global X NASDAQ 100 Covered Call ETF (QYLD-Q). Some believe it is a good choice for high yield and dividend-oriented investors with exposure to Nasdaq 100 and technology in a defensive way. Others caution that it may not be as beneficial for income strategies and warn about the tax treatment. The product also does not receive favorable capital gains treatment for covered calls in certain accounts. Overall, the ETF seems to have both positive and negative aspects.
$17.400
Unknown
It is OK for income strategies. It has returned 26 1/2% over the past year but owning the actual Nasdaq 100 would have returned 43%. It is better to buy the actual stocks if you don't need the income.
Warning flags. US-based product. Never trust yield. Covered calls on this product don't get the favourable capital gains treatment. It might be OK in an RRSP, RRIF, or RESP, but not in a TFSA. You're not hitting the sweet spot of favourable tax treatment.
Doesn't like writing covered calls on stuff that's very volatile, such as NASDAQ, gold, or oils.
Limits upside potential with covered call protection
Good defensive name.
Lower volatility.
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Global X NASDAQ 100 Covered Call ETF(QYLD-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
Global X NASDAQ 100 Covered Call ETF(QYLD-Q) Frequently Asked Questions
What is Global X NASDAQ 100 Covered Call ETF stock symbol?
Global X NASDAQ 100 Covered Call ETF is a American stock, trading under the symbol QYLD-Q on the NASDAQ (QYLD). It is usually referred to as NASDAQ:QYLD or QYLD-Q
Is Global X NASDAQ 100 Covered Call ETF a buy or a sell?
In the last year, 3 stock analysts published opinions about QYLD-Q. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Global X NASDAQ 100 Covered Call ETF.
Is Global X NASDAQ 100 Covered Call ETF a good investment or a top pick?
Global X NASDAQ 100 Covered Call ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Global X NASDAQ 100 Covered Call ETF.
Why is Global X NASDAQ 100 Covered Call ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Global X NASDAQ 100 Covered Call ETF worth watching?
3 stock analysts on Stockchase covered Global X NASDAQ 100 Covered Call ETF In the last year. It is a trending stock that is worth watching.
What is Global X NASDAQ 100 Covered Call ETF stock price?
On 2024-04-25, Global X NASDAQ 100 Covered Call ETF (QYLD-Q) stock closed at a price of $17.365.
High yield good for dividend oriented investors. Good exposure to Nasdaq 100. Good for exposure to technology in a defensive way.