Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,705 shares, an increase of 224.7% from the June 15th total of 833 shares. Based on an average daily volume of 2,461 shares, the short-interest ratio is currently 1.1 days. Approximately 0.8% of the shares of the company are short sold.
Hedge Funds Weigh In On Global X Russell 2000 Covered Call & Growth ETF
An institutional investor recently raised its position in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC boosted its holdings in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG – Free Report) by 56.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,057 shares of the company’s stock after acquiring an additional 1,467 shares during the quarter. Farther Finance Advisors LLC owned 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 at the end of the most recent quarter.
Global X Russell 2000 Covered Call & Growth ETF Stock Performance
Shares of RYLG opened at $24.62 on Monday. Global X Russell 2000 Covered Call & Growth ETF has a 52 week low of $20.79 and a 52 week high of $24.86. The firm has a market capitalization of $8.37 million, a P/E ratio of 16.05 and a beta of 0.84. The company has a 50-day simple moving average of $24.13 and a 200-day simple moving average of $23.24.
About Global X Russell 2000 Covered Call & Growth ETF
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.
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