Global XU.S. 500Income Edge ETF (NYSEARCA:EDGX) Stock Short Interest Jumps 133.0%

Global XU.S. 500Income Edge ETF (NYSEARCA:EDGX) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 3,344 shares, an increase of 133.0% from the August 31st total of 1,435 shares. Based on an average daily volume of 6,475 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.4% of the company’s stock are short sold.

Global XU.S. 500Income Edge ETF Stock Performance

Global XU.S. 500Income Edge ETF stock opened at $26.72 on Tuesday. Global XU.S. 500Income Edge ETF has a twelve month low of $23.26 and a twelve month high of $27.78.

Global X US 500 Income Edge ETF is an exchange-traded fund managed by Global X ETFs. The fund is designed to provide exposure to large-cap U.S. equities while pursuing income through an options-based strategy linked to the U.S. 500 market.

EDGX generally invests in companies represented by the S&P 500 Index and uses covered-call or related options strategies to generate potential premium income. The strategy is intended to provide investors with an alternative way to participate in the performance of established U.S.