S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 49,116 shares, a decrease of 52.9% from the September 15th total of 104,389 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 28,217 shares, the days-to-cover ratio is currently 1.7 days.
S&P 500 Covered Call & Growth ETF Stock Performance
XYLG traded down $0.13 during midday trading on Friday, reaching $29.65. 13,493 shares of the company were exchanged, compared to its average volume of 21,931. The stock has a market capitalization of $71.75 million, a P/E ratio of 25.30 and a beta of 0.75. The stock’s 50-day simple moving average is $29.61 and its 200 day simple moving average is $28.82. S&P 500 Covered Call & Growth ETF has a one year low of $25.63 and a one year high of $30.04.
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 increased its stake in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) by 377.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,763 shares of the company’s stock after acquiring an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned about 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent SEC filing.
S&P 500 Covered Call & Growth ETF Company Profile
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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