Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Sees Large Drop in Short Interest

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 6,071 shares, a drop of 37.9% from the December 15th total of 9,783 shares. Based on an average daily trading volume, of 13,390 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 13,390 shares, the short-interest ratio is presently 0.5 days.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.2%

Shares of XRMI stock traded up $0.03 during trading hours on Friday, hitting $18.03. 33,111 shares of the company’s stock traded hands, compared to its average volume of 36,183. The stock has a market cap of $43.99 million, a PE ratio of 25.29 and a beta of 0.35. The stock’s 50 day simple moving average is $17.89 and its 200 day simple moving average is $17.80. Global X S&P 500 Risk Managed Income ETF has a 12 month low of $17.38 and a 12 month high of $19.63.

Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new position in shares of Global X S&P 500 Risk Managed Income ETF in the third quarter worth approximately $91,000. Osaic Holdings Inc. grew its stake in Global X S&P 500 Risk Managed Income ETF by 53.1% during the second quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock worth $230,000 after purchasing an additional 4,470 shares during the period. Truist Financial Corp acquired a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the 3rd quarter worth approximately $250,000. Brookwood Investment Group LLC lifted its position in shares of Global X S&P 500 Risk Managed Income ETF by 53.9% during the 2nd quarter. Brookwood Investment Group LLC now owns 23,018 shares of the company’s stock valued at $412,000 after acquiring an additional 8,065 shares during the period. Finally, Tactive Advisors LLC acquired a new stake in Global X S&P 500 Risk Managed Income ETF in the second quarter worth $456,000.

About Global X S&P 500 Risk Managed Income ETF

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.