Short Interest in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Rises By 13.3%

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,254,592 shares, a growth of 13.3% from the March 31st total of 1,106,947 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 864,845 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in XYLD. MGB Wealth Management LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the second quarter worth $26,000. Activest Wealth Management purchased a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter worth about $39,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Global X S&P 500 Covered Call ETF in the first quarter worth about $49,000. Measured Wealth Private Client Group LLC acquired a new position in Global X S&P 500 Covered Call ETF during the third quarter worth about $52,000. Finally, Farther Finance Advisors LLC acquired a new position in Global X S&P 500 Covered Call ETF during the third quarter worth about $58,000.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of XYLD opened at $40.28 on Friday. Global X S&P 500 Covered Call ETF has a one year low of $37.57 and a one year high of $41.10. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 25.32 and a beta of 0.50. The stock has a 50 day moving average price of $39.94 and a 200 day moving average price of $40.22.

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.