Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Drops By 50.6%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLGGet Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,166 shares, a decline of 50.6% from the August 15th total of 4,386 shares. Based on an average daily trading volume, of 2,655 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Global X Russell 2000 Covered Call & Growth ETF Price Performance

Shares of NYSEARCA RYLG traded down $0.22 during trading hours on Tuesday, hitting $23.94. 194 shares of the stock were exchanged, compared to its average volume of 2,327. The company’s 50 day moving average is $24.67 and its 200 day moving average is $23.78. The firm has a market capitalization of $8.14 million, a P/E ratio of 16.05 and a beta of 0.84. Global X Russell 2000 Covered Call & Growth ETF has a one year low of $21.25 and a one year high of $25.25.

About Global X Russell 2000 Covered Call & Growth ETF

(Get Free Report)

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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