Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Sees Large Drop in Short Interest

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 7,828 shares, a decrease of 41.4% from the May 31st total of 13,352 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 104,121 shares, the short-interest ratio is presently 0.1 days.

Roundhill S&P 500 Target 20 Managed Distribution ETF Price Performance

XPAY remained flat at $53.28 on Friday. 103,058 shares of the company were exchanged, compared to its average volume of 75,490. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 1-year low of $47.35 and a 1-year high of $56.51. The business has a 50-day moving average of $53.60 and a 200 day moving average of $52.74.

Institutional Trading of Roundhill S&P 500 Target 20 Managed Distribution ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock worth $65,000 after acquiring an additional 980 shares during the last quarter. Planning Directions Inc. bought a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF in the 4th quarter worth $229,000. Citadel Advisors LLC purchased a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter valued at $316,000. Jane Street Group LLC lifted its position in Roundhill S&P 500 Target 20 Managed Distribution ETF by 189.3% during the first quarter. Jane Street Group LLC now owns 11,127 shares of the company’s stock valued at $576,000 after purchasing an additional 7,281 shares in the last quarter. Finally, Wolverine Trading LLC bought a new stake in Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter valued at about $1,847,000.

Roundhill S&P 500 Target 20 Managed Distribution ETF Company Profile

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.