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 recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,847 shares, a decrease of 60.6% from the April 30th total of 4,688 shares. Based on an average trading volume of 3,263 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Global X Information Technology Covered Call & Growth ETF Stock Performance

Shares of NYSEARCA TYLG traded up $0.59 during midday trading on Friday, hitting $42.51. 2,870 shares of the stock traded hands, compared to its average volume of 2,209. The firm has a 50-day moving average of $37.78 and a two-hundred day moving average of $36.59. The firm has a market capitalization of $14.03 million, a P/E ratio of 36.82 and a beta of 0.96. Global X Information Technology Covered Call & Growth ETF has a one year low of $31.01 and a one year high of $42.51.

Global X Information Technology Covered Call & Growth ETF Company Profile

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.