S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 90,813 shares, an increase of 84.9% from the September 30th total of 49,116 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,479 shares, the days-to-cover ratio is currently 3.1 days.
S&P 500 Covered Call & Growth ETF Stock Performance
Shares of NYSEARCA:XYLG opened at $29.13 on Tuesday. The stock has a market capitalization of $72.53 million, a price-to-earnings ratio of 25.30 and a beta of 0.75. S&P 500 Covered Call & Growth ETF has a 1-year low of $25.63 and a 1-year high of $30.04. The company has a 50 day moving average price of $29.59 and a 200 day moving average price of $28.49.
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 lifted its stake in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) by 377.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,763 shares of the company’s stock after purchasing an additional 40,139 shares during the quarter. Janney Montgomery Scott LLC owned 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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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