S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 104,389 shares, an increase of 803.6% from the August 31st total of 11,552 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily volume of 24,957 shares, the days-to-cover ratio is currently 4.2 days.
S&P 500 Covered Call & Growth ETF Stock Up 0.0%
NYSEARCA:XYLG traded up $0.01 during mid-day trading on Thursday, hitting $29.63. 9,079 shares of the stock traded hands, compared to its average volume of 21,661. The stock has a market capitalization of $65.48 million, a price-to-earnings ratio of 25.30 and a beta of 0.75. S&P 500 Covered Call & Growth ETF has a 52 week low of $25.63 and a 52 week high of $29.91. The firm’s 50 day moving average is $29.37 and its two-hundred day moving average is $28.49.
Institutional Investors Weigh In On S&P 500 Covered Call & Growth ETF
An institutional investor recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC grew its stake in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) by 377.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,763 shares of the company’s stock after acquiring an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 at the end of the most recent reporting period.
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.
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