Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Short Interest Update

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,593 shares, a drop of 19.0% from the January 29th total of 4,438 shares. Based on an average trading volume of 3,085 shares, the short-interest ratio is currently 1.2 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 3,085 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC lifted its position in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,057 shares of the company’s stock after purchasing an additional 1,467 shares during the quarter. Farther Finance Advisors LLC owned 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 at the end of the most recent quarter.

Global X Russell 2000 Covered Call & Growth ETF Trading Up 1.0%

Shares of RYLG stock traded up $0.22 during trading hours on Wednesday, reaching $23.07. The stock had a trading volume of 1,373 shares, compared to its average volume of 2,887. The firm has a market capitalization of $8.07 million, a PE ratio of 16.05 and a beta of 0.89. The stock’s fifty day simple moving average is $23.01 and its 200 day simple moving average is $22.79. Global X Russell 2000 Covered Call & Growth ETF has a 12 month low of $17.93 and a 12 month high of $23.49.

Global X Russell 2000 Covered Call & Growth ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were paid a $0.1369 dividend. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Monday, February 23rd.

Global X Russell 2000 Covered Call & Growth ETF Company Profile

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.