Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Short Interest Up 886.8% in May

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 13,352 shares, a growth of 886.8% from the May 14th total of 1,353 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 54,246 shares, the days-to-cover ratio is currently 0.2 days.

Roundhill S&P 500 Target 20 Managed Distribution ETF Stock Performance

Shares of XPAY stock opened at $53.62 on Wednesday. The firm has a fifty day simple moving average of $52.69 and a two-hundred day simple moving average of $52.91. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 12 month low of $47.35 and a 12 month high of $56.51.

Hedge Funds Weigh In On Roundhill S&P 500 Target 20 Managed Distribution ETF

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock worth $65,000 after acquiring an additional 980 shares during the last quarter. Planning Directions Inc. purchased a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the 4th quarter worth $229,000. Citadel Advisors LLC purchased a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the 3rd quarter worth $316,000. Jane Street Group LLC boosted its holdings in Roundhill S&P 500 Target 20 Managed Distribution ETF by 189.3% during the 1st quarter. Jane Street Group LLC now owns 11,127 shares of the company’s stock worth $576,000 after acquiring an additional 7,281 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the 3rd quarter worth $1,847,000.

About Roundhill S&P 500 Target 20 Managed Distribution ETF

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.