Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG – Get Free Report) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 4,688 shares, an increase of 158.0% from the April 15th total of 1,817 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 3,189 shares, the days-to-cover ratio is presently 1.5 days.
Global X Information Technology Covered Call & Growth ETF Trading Down 1.3%
TYLG traded down $0.54 during trading on Friday, reaching $40.50. The stock had a trading volume of 3,159 shares, compared to its average volume of 2,164. The stock’s 50 day moving average is $36.62 and its two-hundred day moving average is $36.32. The company has a market capitalization of $13.37 million, a price-to-earnings ratio of 36.82 and a beta of 0.96. Global X Information Technology Covered Call & Growth ETF has a one year low of $30.73 and a one year high of $41.11.
Hedge Funds Weigh In On Global X Information Technology Covered Call & Growth ETF
A hedge fund recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management acquired a new position in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned approximately 2.76% of Global X Information Technology Covered Call & Growth ETF at the end of the most recent quarter.
Global X Information Technology Covered Call & Growth ETF Company Profile
The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.
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