S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 104,389 shares, an increase of 803.6% from the August 31st total of 11,552 shares. Currently, 4.7% of the company’s stock are sold short. Based on an average trading volume of 24,957 shares, the short-interest ratio is presently 4.2 days.
S&P 500 Covered Call & Growth ETF Stock Performance
Shares of S&P 500 Covered Call & Growth ETF stock traded up $0.09 during trading on Friday, reaching $29.72. The company had a trading volume of 28,625 shares, compared to its average volume of 21,698. The company has a market cap of $69.84 million, a price-to-earnings ratio of 25.30 and a beta of 0.75. The firm’s fifty day moving average is $29.39 and its 200-day moving average is $28.50. S&P 500 Covered Call & Growth ETF has a fifty-two week low of $25.63 and a fifty-two week high of $29.91.
Institutional Trading of S&P 500 Covered Call & Growth ETF
An institutional investor recently raised its position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC grew its position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) by 377.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,763 shares of the company’s stock after buying an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned about 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent SEC filing.
About S&P 500 Covered Call & Growth ETF
The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.
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