Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Update

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 95,784 shares, a growth of 205.6% from the August 31st total of 31,340 shares. Based on an average daily trading volume, of 84,741 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.8% of the shares of the stock are sold short.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.1%

Shares of XRMI traded up $0.02 during midday trading on Friday, hitting $17.28. The company’s stock had a trading volume of 5,589 shares, compared to its average volume of 19,873. Global X S&P 500 Risk Managed Income ETF has a one year low of $16.73 and a one year high of $18.08. The stock has a market capitalization of $59.44 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. The company’s fifty day simple moving average is $17.31 and its two-hundred day simple moving average is $17.24.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its stake in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% during the first quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after buying an additional 37,678 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF by 21.5% during the second quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock valued at $3,057,000 after purchasing an additional 31,462 shares in the last quarter. Tactive Advisors LLC grew its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 6.3% during the second quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock worth $583,000 after purchasing an additional 1,999 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Global X S&P 500 Risk Managed Income ETF in the second quarter valued at approximately $207,000.

About Global X S&P 500 Risk Managed Income ETF

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.