Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Sees Significant Decrease in Short Interest

Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,889 shares, a decrease of 33.4% from the March 15th total of 5,840 shares. Based on an average daily volume of 1,879 shares, the short-interest ratio is currently 2.1 days. Approximately 3.2% of the shares of the company are sold short.

Global X S&P 500 Tail Risk ETF Stock Performance

Shares of NYSEARCA:XTR remained flat at $26.74 during trading on Thursday. 1,237 shares of the stock traded hands, compared to its average volume of 2,726. Global X S&P 500 Tail Risk ETF has a 52-week low of $24.57 and a 52-week high of $31.42. The firm has a market cap of $3.21 million, a price-to-earnings ratio of 25.32 and a beta of 0.85. The company has a 50 day simple moving average of $26.00 and a 200-day simple moving average of $28.34.

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.