Short Interest in Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Declines By 38.6%

Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 5,840 shares, a decline of 38.6% from the February 26th total of 9,515 shares. Based on an average trading volume of 5,594 shares, the short-interest ratio is currently 1.0 days. Currently, 5.8% of the shares of the stock are short sold.

Global X S&P 500 Tail Risk ETF Stock Performance

NYSEARCA XTR remained flat at $24.99 during trading on Friday. The company’s stock had a trading volume of 884 shares, compared to its average volume of 3,055. The stock has a market capitalization of $2.50 million, a P/E ratio of 25.32 and a beta of 0.84. Global X S&P 500 Tail Risk ETF has a 12-month low of $24.22 and a 12-month high of $31.42. The firm’s fifty day moving average price is $26.31 and its 200 day moving average price is $28.79.

About Global X S&P 500 Tail Risk ETF

The Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund that is based on the Cboe S&P 500 Tail Risk index. The fund tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. XTR was launched on Aug 25, 2021 and is managed by Global X.