Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG – Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 4,386 shares, a growth of 123.0% from the July 30th total of 1,967 shares. Based on an average daily volume of 2,271 shares, the short-interest ratio is presently 1.9 days. Approximately 1.3% of the shares of the stock are sold short.
Hedge Funds Weigh In On Global X Russell 2000 Covered Call & Growth ETF
A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management raised its position in shares of 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 20,754 shares of the company’s stock after acquiring an additional 1,079 shares during the period. Triumph Capital Management owned approximately 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 at the end of the most recent reporting period.
Global X Russell 2000 Covered Call & Growth ETF Price Performance
Shares of RYLG opened at $24.69 on Monday. Global X Russell 2000 Covered Call & Growth ETF has a 1-year low of $21.25 and a 1-year high of $25.25. The stock has a market cap of $8.39 million, a price-to-earnings ratio of 16.05 and a beta of 0.84. The firm has a 50 day simple moving average of $24.69 and a 200-day simple moving average of $23.67.
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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