Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 649 shares, a decline of 62.6% from the July 15th total of 1,734 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,349 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management bought a new position in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned 2.76% of Global X Information Technology Covered Call & Growth ETF as of its most recent SEC filing.
Global X Information Technology Covered Call & Growth ETF Stock Performance
Shares of TYLG stock traded down $0.06 during trading hours on Friday, hitting $42.18. 3,539 shares of the company were exchanged, compared to its average volume of 2,609. The stock has a market capitalization of $15.18 million, a price-to-earnings ratio of 36.82 and a beta of 1.01. The business’s 50-day simple moving average is $41.16 and its two-hundred day simple moving average is $38.53. Global X Information Technology Covered Call & Growth ETF has a one year low of $32.61 and a one year high of $43.43.
About Global X Information Technology Covered Call & Growth ETF
The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.
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