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QQD

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1d
1w
1m

Analysis and statistics

  • Open
    7.9069$
  • Previous Close
    7.8993$
  • 52 Week Change
    --
  • Day Range
    0.01$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

QQD.TO is the Horizons NASDAQ 100® Covered Call ETF, a Canadian-listed exchange-traded fund (ETF) that aims to provide income and capital appreciation by investing primarily in the constituent stocks of the NASDAQ-100 Index while employing a covered call writing strategy. The covered call strategy involves selling call options on the underlying portfolio holdings, generating premium income but potentially limiting upside participation if the underlying stocks appreciate significantly. It trades on the Toronto Stock Exchange (TSX).
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Factors

Global Economic Conditions: Broader economic trends influence overall market sentiment and investor risk appetite, impacting technology sector stocks and QQD.TO's holdings.

Interest Rate Movements: Changes in interest rates can affect the valuation of growth stocks within the technology sector, influencing QQD.TO's price.

Technology Sector Performance: The overall performance of the technology sector, particularly large-cap companies, directly affects QQD.TO's returns and price.

Exchange Rate Fluctuations: As QQD.TO invests in U.S. companies, currency exchange rates between the Canadian and U.S. dollar can influence its price.

QQQ ETF Performance: QQD.TO aims to replicate the performance of the U.S.-listed Invesco QQQ Trust (QQQ), therefore, QQQ's price fluctuations directly influence QQD.TO.

Market Sentiment: Investor confidence and risk aversion levels can significantly impact demand for technology stocks and, consequently, QQD.TO's price.

Company-Specific News: News and performance of individual companies within the Nasdaq 100 index, such as Apple, Microsoft, and Amazon, affects QQD.TO.

Supply and Demand: The balance between buying and selling pressure for QQD.TO shares influences its market price.

Regulatory Changes: Government regulations affecting the technology sector or financial markets can impact investor sentiment and QQD.TO's valuation.

Geopolitical Events: Global political events and uncertainties can trigger market volatility and influence investment decisions regarding technology stocks and QQD.TO.

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