Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Sees Large Increase in Short Interest

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 4,179 shares, a growth of 61.0% from the March 15th total of 2,596 shares. Based on an average trading volume of 1,695 shares, the short-interest ratio is currently 2.5 days. Approximately 1.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC grew its stake in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,057 shares of the company’s stock after acquiring an additional 1,467 shares during the period. Farther Finance Advisors LLC owned about 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 at the end of the most recent reporting period.

Global X Russell 2000 Covered Call & Growth ETF Trading Up 0.7%

Shares of Global X Russell 2000 Covered Call & Growth ETF stock traded up $0.16 on Monday, reaching $22.79. 4,517 shares of the stock were exchanged, compared to its average volume of 2,554. The firm has a market capitalization of $7.75 million, a PE ratio of 16.05 and a beta of 0.86. Global X Russell 2000 Covered Call & Growth ETF has a 1-year low of $18.78 and a 1-year high of $23.49. The business has a fifty day moving average price of $22.53 and a two-hundred day moving average price of $22.74.

Global X Russell 2000 Covered Call & Growth ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were paid a $0.1369 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

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.