Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Short Interest Down 15.4% in March

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 2,258,701 shares, a drop of 15.4% from the February 26th total of 2,669,311 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average trading volume of 965,818 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call ETF

Several large investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in Global X Russell 2000 Covered Call ETF in the third quarter valued at $37,000. Qube Research & Technologies Ltd increased its holdings in shares of Global X Russell 2000 Covered Call ETF by 67.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,643 shares of the company’s stock valued at $40,000 after acquiring an additional 1,065 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Global X Russell 2000 Covered Call ETF by 85.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,876 shares of the company’s stock valued at $44,000 after acquiring an additional 1,324 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of Global X Russell 2000 Covered Call ETF by 150.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,337 shares of the company’s stock worth $51,000 after acquiring an additional 2,004 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Global X Russell 2000 Covered Call ETF by 23.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,449 shares of the company’s stock worth $53,000 after purchasing an additional 649 shares during the last quarter.

Global X Russell 2000 Covered Call ETF Stock Up 2.1%

Shares of Global X Russell 2000 Covered Call ETF stock opened at $14.95 on Wednesday. Global X Russell 2000 Covered Call ETF has a 52-week low of $13.16 and a 52-week high of $16.02. The company has a market capitalization of $1.26 billion, a P/E ratio of 15.90 and a beta of 0.59. The company has a 50 day moving average of $15.42 and a 200 day moving average of $15.37.

Global X Russell 2000 Covered Call ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were given a dividend of $0.1584 per share. This is an increase from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 12.7%.

Global X Russell 2000 Covered Call ETF Company Profile

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.