Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 19,970 shares, a growth of 498.4% from the July 15th total of 3,337 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 34,633 shares, the short-interest ratio is presently 0.6 days.
Roundhill S&P 500 Target 20 Managed Distribution ETF Stock Down 1.5%
Roundhill S&P 500 Target 20 Managed Distribution ETF stock traded down $0.81 during midday trading on Wednesday, reaching $53.37. The stock had a trading volume of 47,660 shares, compared to its average volume of 71,303. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 1-year low of $47.35 and a 1-year high of $56.51. The firm’s fifty day simple moving average is $53.09 and its 200-day simple moving average is $52.52.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. acquired a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the 1st quarter worth about $2,551,000. Wolverine Trading LLC bought a new stake in Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter worth about $1,847,000. Jane Street Group LLC acquired a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the fourth quarter valued at approximately $721,000. Citadel Advisors LLC acquired a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter valued at approximately $316,000. Finally, Geneos Wealth Management Inc. boosted its position in Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock valued at $65,000 after purchasing an additional 980 shares during the last quarter.
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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