Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Down 50.9% in September

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 11,300 shares, a decrease of 50.9% from the August 31st total of 23,000 shares. Based on an average daily trading volume, of 15,500 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 15,500 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF

Several hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Global X S&P 500 Risk Managed Income ETF by 1.4% in the 1st quarter. LPL Financial LLC now owns 301,190 shares of the company’s stock valued at $5,554,000 after purchasing an additional 4,140 shares during the last quarter. Cetera Investment Advisers lifted its stake in Global X S&P 500 Risk Managed Income ETF by 22.1% in the 2nd quarter. Cetera Investment Advisers now owns 124,524 shares of the company’s stock valued at $2,228,000 after purchasing an additional 22,532 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Global X S&P 500 Risk Managed Income ETF by 20.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 120,093 shares of the company’s stock valued at $2,215,000 after purchasing an additional 20,421 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in Global X S&P 500 Risk Managed Income ETF in the 1st quarter valued at about $1,455,000. Finally, SteelPeak Wealth LLC lifted its stake in Global X S&P 500 Risk Managed Income ETF by 12.0% in the 2nd quarter. SteelPeak Wealth LLC now owns 45,225 shares of the company’s stock valued at $809,000 after purchasing an additional 4,850 shares during the last quarter.

Global X S&P 500 Risk Managed Income ETF Stock Performance

Shares of NYSEARCA:XRMI opened at $17.72 on Friday. Global X S&P 500 Risk Managed Income ETF has a 52-week low of $17.38 and a 52-week high of $19.64. The company has a market capitalization of $43.41 million, a P/E ratio of 25.29 and a beta of 0.35. The company has a 50-day simple moving average of $17.72 and a 200 day simple moving average of $17.85.

Global X S&P 500 Risk Managed Income ETF Company Profile

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.