Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Short Interest Update

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,064,785 shares, a decline of 18.6% from the January 15th total of 1,308,724 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 884,769 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 884,769 shares, the short-interest ratio is currently 1.2 days. Approximately 1.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Global X S&P 500 Covered Call ETF

A number of institutional investors have recently added to or reduced their stakes in XYLD. First Heartland Consultants Inc. boosted its stake in Global X S&P 500 Covered Call ETF by 2.8% in the fourth quarter. First Heartland Consultants Inc. now owns 9,246 shares of the company’s stock valued at $376,000 after acquiring an additional 248 shares in the last quarter. Solutions 4 Wealth Ltd lifted its holdings in shares of Global X S&P 500 Covered Call ETF by 3.0% during the 2nd quarter. Solutions 4 Wealth Ltd now owns 8,774 shares of the company’s stock valued at $342,000 after purchasing an additional 258 shares during the last quarter. MeadowBrook Investment Advisors LLC boosted its position in shares of Global X S&P 500 Covered Call ETF by 7.6% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,836 shares of the company’s stock worth $151,000 after purchasing an additional 270 shares in the last quarter. IMG Wealth Management Inc. grew its stake in Global X S&P 500 Covered Call ETF by 11.3% during the 4th quarter. IMG Wealth Management Inc. now owns 2,926 shares of the company’s stock worth $119,000 after buying an additional 297 shares during the last quarter. Finally, Equitable Holdings Inc. grew its stake in Global X S&P 500 Covered Call ETF by 3.3% during the 3rd quarter. Equitable Holdings Inc. now owns 11,627 shares of the company’s stock worth $456,000 after buying an additional 369 shares during the last quarter.

Global X S&P 500 Covered Call ETF Stock Up 0.3%

Shares of NYSEARCA:XYLD opened at $40.61 on Tuesday. Global X S&P 500 Covered Call ETF has a 52-week low of $34.53 and a 52-week high of $42.92. The company has a 50 day moving average of $40.70 and a two-hundred day moving average of $39.91. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 25.32 and a beta of 0.53.

Global X S&P 500 Covered Call ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a dividend of $0.3597 per share. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Global X S&P 500 Covered Call ETF’s previous monthly dividend of $0.33.

About Global X S&P 500 Covered Call ETF

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.