Short Interest in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Increases By 82.2%

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 11,346 shares, a growth of 82.2% from the May 14th total of 6,226 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 13,731 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Global X S&P 500 Risk Managed Income ETF

A number of large investors have recently bought and sold shares of the business. LPL Financial LLC grew its holdings in Global X S&P 500 Risk Managed Income ETF by 6.9% during the 4th quarter. LPL Financial LLC now owns 256,731 shares of the company’s stock worth $4,588,000 after acquiring an additional 16,466 shares during the period. Cetera Investment Advisers boosted 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 purchasing an additional 37,678 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Global X S&P 500 Risk Managed Income ETF by 10.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 129,357 shares of the company’s stock worth $2,287,000 after purchasing an additional 12,097 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Global X S&P 500 Risk Managed Income ETF by 3.3% during the 4th quarter. Principal Securities Inc. now owns 114,459 shares of the company’s stock worth $2,045,000 after purchasing an additional 3,623 shares in the last quarter. Finally, Brookwood Investment Group LLC boosted its position in shares of Global X S&P 500 Risk Managed Income ETF by 49.3% during the 4th quarter. Brookwood Investment Group LLC now owns 60,553 shares of the company’s stock worth $1,082,000 after purchasing an additional 19,988 shares in the last quarter.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.5%

Global X S&P 500 Risk Managed Income ETF stock traded up $0.08 during trading hours on Monday, reaching $17.33. 2,429 shares of the company’s stock were exchanged, compared to its average volume of 18,354. The firm’s 50 day simple moving average is $17.18 and its 200 day simple moving average is $17.55. Global X S&P 500 Risk Managed Income ETF has a twelve month low of $16.73 and a twelve month high of $18.08. The firm has a market capitalization of $49.22 million, a PE ratio of 25.29 and a beta of 0.35.

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. XRMI was launched on Aug 25, 2021 and is managed by Global X.