S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 38,953 shares, an increase of 52.0% from the March 15th total of 25,623 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 20,998 shares, the days-to-cover ratio is currently 1.9 days.
Hedge Funds Weigh In On S&P 500 Covered Call & Growth ETF
A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC bought a new stake in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned approximately 0.45% of S&P 500 Covered Call & Growth ETF at the end of the most recent reporting period.
S&P 500 Covered Call & Growth ETF Price Performance
NYSEARCA XYLG opened at $27.61 on Thursday. S&P 500 Covered Call & Growth ETF has a fifty-two week low of $24.21 and a fifty-two week high of $29.91. The stock’s 50-day moving average is $27.10 and its two-hundred day moving average is $28.21. The firm has a market cap of $63.78 million, a P/E ratio of 25.30 and a beta of 0.76.
S&P 500 Covered Call & Growth ETF Cuts Dividend
About S&P 500 Covered Call & Growth ETF
The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.
Further Reading
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