Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Expands By 175.7%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 4,438 shares, a growth of 175.7% from the January 15th total of 1,610 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 3,124 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 3,124 shares, the short-interest ratio is currently 1.4 days. Approximately 1.3% of the company’s stock are short sold.

Global X Russell 2000 Covered Call & Growth ETF Stock Performance

Shares of RYLG stock traded down $0.42 during trading hours on Thursday, hitting $22.83. 2,103 shares of the company were exchanged, compared to its average volume of 3,335. The stock has a market capitalization of $7.99 million, a price-to-earnings ratio of 16.05 and a beta of 0.89. Global X Russell 2000 Covered Call & Growth ETF has a one year low of $17.93 and a one year high of $23.49. The business’s 50-day simple moving average is $23.02 and its two-hundred day simple moving average is $22.62.

Global X Russell 2000 Covered Call & Growth ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.1481 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Tuesday, January 20th.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call & Growth ETF

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

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.