Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,361 shares, a drop of 43.7% from the April 15th total of 2,418 shares. Based on an average daily trading volume, of 4,383 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management lifted its stake in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG – Free Report) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,754 shares of the company’s stock after purchasing an additional 1,079 shares during the period. Triumph Capital Management owned about 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 at the end of the most recent quarter.
Global X Russell 2000 Covered Call & Growth ETF Stock Performance
Shares of RYLG traded down $0.39 during midday trading on Friday, hitting $23.50. 2,510 shares of the stock were exchanged, compared to its average volume of 2,676. Global X Russell 2000 Covered Call & Growth ETF has a 52-week low of $19.97 and a 52-week high of $23.94. The stock has a fifty day simple moving average of $22.67 and a 200 day simple moving average of $22.84. The firm has a market cap of $7.99 million, a P/E ratio of 16.05 and a beta of 0.86.
About Global X Russell 2000 Covered Call & Growth ETF
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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