Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Down 50.9% in September

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 11,300 shares, a decrease of 50.9% from the August 31st total of 23,000 shares. Based on an average daily volume of 15,500 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 15,500 shares, the short-interest ratio is presently 0.7 days.

Global X S&P 500 Risk Managed Income ETF Trading Down 0.1%

Shares of NYSEARCA XRMI opened at $17.72 on Friday. The firm has a market cap of $43.41 million, a PE ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a 1-year low of $17.38 and a 1-year high of $19.64. The company has a fifty day moving average price of $17.72 and a 200 day moving average price of $17.85.

Hedge Funds Weigh In On Global X S&P 500 Risk Managed Income ETF

A number of large investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF by 53.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock worth $230,000 after buying an additional 4,470 shares during the last quarter. Tactive Advisors LLC acquired a new position in shares of Global X S&P 500 Risk Managed Income ETF during the 2nd quarter worth about $456,000. Cetera Investment Advisers boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF by 22.1% during the 2nd quarter. Cetera Investment Advisers now owns 124,524 shares of the company’s stock worth $2,228,000 after buying an additional 22,532 shares during the last quarter. Brookwood Investment Group LLC boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF by 53.9% during the 2nd quarter. Brookwood Investment Group LLC now owns 23,018 shares of the company’s stock worth $412,000 after buying an additional 8,065 shares during the last quarter. Finally, SteelPeak Wealth LLC boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF by 12.0% during the 2nd quarter. SteelPeak Wealth LLC now owns 45,225 shares of the company’s stock worth $809,000 after buying an additional 4,850 shares during the last quarter.

Global X S&P 500 Risk Managed Income ETF Company Profile

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.