Nasdaq 100 Covered Call & Growth ETF (QYLG) Short Interest Ratio & Short Volume

Short interest is the volume of Nasdaq 100 Covered Call & Growth ETF shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 20,600 shares of QYLG short. Learn More on Nasdaq 100 Covered Call & Growth ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. QYLG shares currently have a short interest ratio of 1.0. Learn More on Nasdaq 100 Covered Call & Growth ETF's short interest ratio.

Nasdaq 100 Covered Call & Growth ETF saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 20,600 shares, an increase of 524.2% from the previous total of 3,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Nasdaq 100 Covered Call & Growth ETF: Goldman Sachs S&P 500 Core Premium Income ETF (2.11%), Goldman Sachs Nasdaq 100 Core Premium Income ETF (1.22%), Credit Suisse X-Links Gold Shares Covered Call ETN (0.05%), Credit Suisse X-Links Silver Shares Covered Call ETN (0.12%), Global X Nasdaq 100 Covered Call ETF (0.55%), and JPMorgan Nasdaq Equity Premium Income ETF (0.12%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling QYLG is an investing strategy that aims to generate trading profit from Nasdaq 100 Covered Call & Growth ETF as its price is falling. QYLG shares are trading down $0.01 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Nasdaq 100 Covered Call & Growth ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of QYLG, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including QYLG, twice per month. The most recent reporting period available is April, 30 2024.