Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 38,110 shares, a growth of 90.8% from the July 30th total of 19,970 shares. Based on an average daily volume of 67,393 shares, the short-interest ratio is currently 0.6 days. Approximately 1.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in XPAY. Centaurus Financial Inc. purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the first quarter worth $2,551,000. Geneos Wealth Management Inc. raised its position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock worth $65,000 after purchasing an additional 980 shares during the last quarter. Jane Street Group LLC bought a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF in the 4th quarter worth about $721,000. Citadel Advisors LLC bought a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF in the 3rd quarter worth about $316,000. Finally, Wolverine Trading LLC purchased a new stake in Roundhill S&P 500 Target 20 Managed Distribution ETF during the 3rd quarter valued at about $1,847,000.
Roundhill S&P 500 Target 20 Managed Distribution ETF Price Performance
Shares of XPAY stock traded down $0.18 during trading hours on Monday, hitting $53.01. 42,873 shares of the company’s stock traded hands, compared to its average volume of 68,851. The stock’s fifty day simple moving average is $53.00 and its two-hundred day simple moving average is $52.47. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 12-month low of $47.35 and a 12-month high of $56.51.
About Roundhill S&P 500 Target 20 Managed Distribution ETF
The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.
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