Global X NASDAQ 100 Covered Call ETF is trading 1.6% up today as information technology and growth stocks rebound from a selloff driven by inflation concerns and AI spending reports.
- Elevated volatility in the Nasdaq Composite is providing a tailwind for the fund's covered-call strategy, which benefits from higher option premiums.
- Stabilization in semiconductor and AI names is supporting major tech benchmarks and the Nasdaq 100 basket the fund tracks.
- Stronger risk appetite is lifting the sector despite ongoing Middle East tensions and hotter-than-expected inflation data.