S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Sees Significant Growth in Short Interest

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 28,118 shares, a growth of 87.3% from the May 31st total of 15,016 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 20,167 shares, the days-to-cover ratio is presently 1.4 days.

S&P 500 Covered Call & Growth ETF Stock Down 0.1%

NYSEARCA:XYLG traded down $0.02 during trading hours on Wednesday, reaching $28.81. 7,168 shares of the company’s stock were exchanged, compared to its average volume of 23,663. S&P 500 Covered Call & Growth ETF has a 1-year low of $25.63 and a 1-year high of $29.91. The firm has a market capitalization of $65.69 million, a price-to-earnings ratio of 25.30 and a beta of 0.75. The company has a 50-day moving average of $28.51 and a 200 day moving average of $27.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned approximately 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Company Profile

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.