S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Update

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 12,971 shares, a decrease of 48.5% from the April 30th total of 25,193 shares. Based on an average trading volume of 17,426 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the stock are short sold.

S&P 500 Covered Call & Growth ETF Stock Down 0.0%

NYSEARCA:XYLG traded down $0.01 during trading hours on Tuesday, reaching $29.07. The company had a trading volume of 23,774 shares, compared to its average volume of 24,037. The stock has a 50-day moving average of $27.69 and a two-hundred day moving average of $28.04. S&P 500 Covered Call & Growth ETF has a one year low of $25.63 and a one year high of $29.91. The firm has a market capitalization of $66.28 million, a PE ratio of 25.30 and a beta of 0.75.

Institutional Trading of S&P 500 Covered Call & Growth ETF

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC bought a new position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned about 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent filing with the Securities & Exchange Commission.

About S&P 500 Covered Call & Growth ETF

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.