Short Interest in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Rises By 52.0%

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 38,953 shares, an increase of 52.0% from the March 15th total of 25,623 shares. Based on an average daily trading volume, of 20,998 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.7% of the company’s shares are short sold.

S&P 500 Covered Call & Growth ETF Stock Up 0.4%

NYSEARCA:XYLG traded up $0.11 during trading hours on Wednesday, hitting $27.60. 7,018 shares of the stock were exchanged, compared to its average volume of 24,254. The company’s 50 day moving average is $27.09 and its two-hundred day moving average is $28.21. S&P 500 Covered Call & Growth ETF has a twelve month low of $24.21 and a twelve month high of $29.91. The company has a market capitalization of $63.76 million, a P/E ratio of 25.30 and a beta of 0.76.

S&P 500 Covered Call & Growth ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.1143 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.0%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC acquired a new stake in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned approximately 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Company Profile

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.