Short Interest in Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Drops By 15.4%

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 2,258,701 shares, a decline of 15.4% from the February 26th total of 2,669,311 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 965,818 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its holdings in shares of Global X Russell 2000 Covered Call ETF by 117.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 50,977 shares of the company’s stock worth $780,000 after buying an additional 27,563 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Global X Russell 2000 Covered Call ETF in the 4th quarter valued at approximately $251,000. NewEdge Advisors LLC boosted its stake in shares of Global X Russell 2000 Covered Call ETF by 1.8% in the 4th quarter. NewEdge Advisors LLC now owns 175,605 shares of the company’s stock valued at $2,687,000 after purchasing an additional 3,092 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Global X Russell 2000 Covered Call ETF by 45.8% during the 4th quarter. Cetera Investment Advisers now owns 763,458 shares of the company’s stock valued at $11,681,000 after purchasing an additional 239,743 shares during the last quarter. Finally, Kovack Advisors Inc. grew its holdings in shares of Global X Russell 2000 Covered Call ETF by 10.3% during the 4th quarter. Kovack Advisors Inc. now owns 35,235 shares of the company’s stock valued at $539,000 after purchasing an additional 3,289 shares during the last quarter.

Global X Russell 2000 Covered Call ETF Stock Up 0.4%

Shares of Global X Russell 2000 Covered Call ETF stock opened at $15.01 on Thursday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 15.90 and a beta of 0.59. Global X Russell 2000 Covered Call ETF has a 12-month low of $13.16 and a 12-month high of $16.02. The firm’s 50-day moving average price is $15.41 and its two-hundred day moving average price is $15.37.

Global X Russell 2000 Covered Call ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were given a dividend of $0.1584 per share. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 12.7%. This is a positive change from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16.

About Global X Russell 2000 Covered Call ETF

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.