Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Down 70.2% in May

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 6,226 shares, a decrease of 70.2% from the April 30th total of 20,871 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 12,098 shares, the days-to-cover ratio is currently 0.5 days.

Global X S&P 500 Risk Managed Income ETF Stock Down 0.1%

Global X S&P 500 Risk Managed Income ETF stock traded down $0.01 during mid-day trading on Friday, reaching $17.25. 5,103 shares of the company’s stock were exchanged, compared to its average volume of 19,291. The company has a market cap of $48.99 million, a P/E ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a twelve month low of $16.73 and a twelve month high of $18.08. The company has a fifty day moving average of $17.12 and a 200-day moving average of $17.59.

Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 6.9% in the 4th quarter. LPL Financial LLC now owns 256,731 shares of the company’s stock valued at $4,588,000 after purchasing an additional 16,466 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% in the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock valued at $3,190,000 after purchasing an additional 37,678 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 10.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 129,357 shares of the company’s stock valued at $2,287,000 after purchasing an additional 12,097 shares in the last quarter. Principal Securities Inc. raised its stake in Global X S&P 500 Risk Managed Income ETF by 3.3% during the 4th quarter. Principal Securities Inc. now owns 114,459 shares of the company’s stock worth $2,045,000 after acquiring an additional 3,623 shares in the last quarter. Finally, Brookwood Investment Group LLC raised its stake in Global X S&P 500 Risk Managed Income ETF by 49.3% during the 4th quarter. Brookwood Investment Group LLC now owns 60,553 shares of the company’s stock worth $1,082,000 after acquiring an additional 19,988 shares in the last quarter.

About Global X S&P 500 Risk Managed Income ETF

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.