Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Short Interest Update

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,216 shares, a decrease of 35.9% from the February 26th total of 1,897 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 1,611 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Global X Information Technology Covered Call & Growth ETF

A hedge fund recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management purchased a new position in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned approximately 2.76% of Global X Information Technology Covered Call & Growth ETF as of its most recent filing with the Securities & Exchange Commission.

Global X Information Technology Covered Call & Growth ETF Price Performance

TYLG traded down $0.55 during trading hours on Friday, reaching $33.30. 3,938 shares of the stock traded hands, compared to its average volume of 1,699. Global X Information Technology Covered Call & Growth ETF has a fifty-two week low of $25.58 and a fifty-two week high of $37.54. The company has a market cap of $10.32 million, a price-to-earnings ratio of 36.82 and a beta of 0.92. The firm’s fifty day simple moving average is $35.42 and its two-hundred day simple moving average is $35.91.

Global X Information Technology Covered Call & Growth ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a $0.2993 dividend. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend was Monday, February 23rd. This is an increase from Global X Information Technology Covered Call & Growth ETF’s previous monthly dividend of $0.29.

About Global X Information Technology Covered Call & Growth ETF

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.