Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 47,766 shares, a decrease of 45.9% from the September 30th total of 88,248 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 13,384 shares, the short-interest ratio is presently 3.6 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of XRMI. Envestnet Asset Management Inc. raised its position in Global X S&P 500 Risk Managed Income ETF by 21.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock valued at $3,057,000 after purchasing an additional 31,462 shares in the last quarter. Foguth Wealth Management LLC. bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the 3rd quarter worth $12,741,000. Cetera Investment Advisers grew its position in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% during the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after buying an additional 37,678 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Global X S&P 500 Risk Managed Income ETF during the second quarter valued at $207,000. Finally, Tactive Advisors LLC increased its stake in shares of Global X S&P 500 Risk Managed Income ETF by 6.3% during the second quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock valued at $583,000 after buying an additional 1,999 shares during the period.
Global X S&P 500 Risk Managed Income ETF Price Performance
Shares of NYSEARCA:XRMI traded down $0.14 on Friday, hitting $17.00. 20,319 shares of the company’s stock were exchanged, compared to its average volume of 19,527. Global X S&P 500 Risk Managed Income ETF has a 12 month low of $16.73 and a 12 month high of $18.08. The stock has a market capitalization of $62.56 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. The business’s 50 day simple moving average is $17.27 and its two-hundred day simple moving average is $17.36.
About Global X S&P 500 Risk Managed Income ETF
The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.
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