Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Get Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 11,346 shares, a growth of 82.2% from the May 14th total of 6,226 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 13,731 shares, the days-to-cover ratio is currently 0.8 days.
Global X S&P 500 Risk Managed Income ETF Price Performance
Shares of XRMI stock traded up $0.08 on Monday, reaching $17.33. 2,429 shares of the company were exchanged, compared to its average volume of 18,354. The company has a market cap of $49.22 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. The company has a 50-day moving average of $17.18 and a 200-day moving average of $17.55. 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.
Hedge Funds Weigh In On Global X S&P 500 Risk Managed Income ETF
Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in Global X S&P 500 Risk Managed Income ETF by 6.9% in the 4th quarter. LPL Financial LLC now owns 256,731 shares of the company’s stock valued at $4,588,000 after acquiring an additional 16,466 shares in the last quarter. Cetera Investment Advisers increased its stake in Global X S&P 500 Risk Managed Income ETF by 12.0% in the 4th quarter. Cetera Investment Advisers now owns 151,052 shares of the company’s stock valued at $2,699,000 after buying an additional 16,144 shares during the last quarter. Principal Securities Inc. increased its stake in Global X S&P 500 Risk Managed Income ETF by 3.3% in the 4th quarter. Principal Securities Inc. now owns 114,459 shares of the company’s stock valued at $2,045,000 after buying an additional 3,623 shares during the last quarter. Jane Street Group LLC purchased a new stake in Global X S&P 500 Risk Managed Income ETF in the 1st quarter valued at about $459,000. Finally, Osaic Holdings Inc. increased its stake in Global X S&P 500 Risk Managed Income ETF by 53.1% in the 2nd quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock valued at $230,000 after buying an additional 4,470 shares during the last quarter.
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. XRMI was launched on Aug 25, 2021 and is managed by Global X.
Further Reading
- Five stocks we like better than Global X S&P 500 Risk Managed Income ETF
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
- Gold Is Testing Its 200-Day SMA—These 3 Mining Stocks Are the Play
- Summer Is Coming–But There’s No End in Sight for This Crypto Winter
Receive News & Ratings for Global X S&P 500 Risk Managed Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X S&P 500 Risk Managed Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
