Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Short Interest Down 59.2% in July

Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 4,751 shares, a decrease of 59.2% from the June 30th total of 11,637 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily trading volume, of 4,254 shares, the days-to-cover ratio is currently 1.1 days.

Global X S&P 500 Tail Risk ETF Trading Up 0.3%

Shares of NYSEARCA:XTR traded up $0.08 during trading on Tuesday, reaching $28.11. The stock had a trading volume of 65 shares, compared to its average volume of 2,410. The firm’s 50-day simple moving average is $28.37 and its 200 day simple moving average is $27.19. Global X S&P 500 Tail Risk ETF has a one year low of $24.63 and a one year high of $31.42. The company has a market capitalization of $4.78 million, a P/E ratio of 25.32 and a beta of 0.85.

About Global X S&P 500 Tail Risk ETF

The Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund that is based on the Cboe S&P 500 Tail Risk index. The fund tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. XTR was launched on Aug 25, 2021 and is managed by Global X.