Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Decreases By 42.8%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 541 shares, a decrease of 42.8% from the December 15th total of 945 shares. Based on an average trading volume of 5,228 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 5,228 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Global X Russell 2000 Covered Call & Growth ETF

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management raised its stake in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,754 shares of the company’s stock after acquiring an additional 1,079 shares during the quarter. Triumph Capital Management owned approximately 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 at the end of the most recent reporting period.

Global X Russell 2000 Covered Call & Growth ETF Price Performance

NYSEARCA RYLG traded up $0.02 during trading on Friday, reaching $23.29. 1,071 shares of the company’s stock traded hands, compared to its average volume of 3,543. The firm has a market cap of $8.38 million, a price-to-earnings ratio of 16.05 and a beta of 0.89. The company’s 50 day simple moving average is $22.81 and its two-hundred day simple moving average is $22.40. Global X Russell 2000 Covered Call & Growth ETF has a 12-month low of $17.93 and a 12-month high of $23.51.

Global X Russell 2000 Covered Call & Growth ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a dividend of $0.6709 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from Global X Russell 2000 Covered Call & Growth ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a yield of 34.6%.

Global X Russell 2000 Covered Call & Growth ETF Company Profile

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.