Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,837 shares, a growth of 530.4% from the August 15th total of 450 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 5,975 shares, the short-interest ratio is currently 0.5 days.
Global X Information Technology Covered Call & Growth ETF Price Performance
Shares of Global X Information Technology Covered Call & Growth ETF stock traded up $0.47 on Friday, reaching $42.26. The company had a trading volume of 1,308 shares, compared to its average volume of 2,829. The firm has a market cap of $15.21 million, a price-to-earnings ratio of 36.82 and a beta of 1.02. The firm’s 50-day moving average price is $41.16 and its two-hundred day moving average price is $39.35. Global X Information Technology Covered Call & Growth ETF has a 1 year low of $32.61 and a 1 year high of $43.43.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management bought a new stake in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned 2.76% of Global X Information Technology Covered Call & Growth ETF at the end of the most recent quarter.
Global X Information Technology Covered Call & Growth ETF Company Profile
The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.
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