Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 7,885 shares, a drop of 67.7% from the September 30th total of 24,375 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,529 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of XPAY. Latitude Advisors LLC purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the third quarter valued at approximately $93,000. Tactive Advisors LLC acquired a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the third quarter valued at approximately $870,000. Integrated Wealth Concepts LLC purchased a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the second quarter worth approximately $80,000. Citadel Advisors LLC purchased a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the second quarter worth approximately $338,000. Finally, Centaurus Financial Inc. purchased a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the first quarter worth approximately $2,551,000.
Roundhill S&P 500 Target 20 Managed Distribution ETF Stock Performance
XPAY traded down $0.88 on Friday, reaching $50.50. 53,370 shares of the company’s stock were exchanged, compared to its average volume of 63,441. Roundhill S&P 500 Target 20 Managed Distribution ETF has a twelve month low of $47.35 and a twelve month high of $56.51. The stock’s fifty day moving average price is $52.16 and its 200-day moving average price is $52.50.
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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