Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 31,340 shares, a growth of 57.2% from the August 15th total of 19,936 shares. Based on an average daily volume of 10,126 shares, the short-interest ratio is currently 3.1 days. Approximately 1.1% of the shares of the stock are sold short.
Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF
Several hedge funds have recently modified their holdings of XRMI. Cetera Investment Advisers boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% in the first quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after buying an additional 37,678 shares during the last quarter. Tactive Advisors LLC boosted its stake in Global X S&P 500 Risk Managed Income ETF by 6.3% during the second quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock worth $583,000 after buying an additional 1,999 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Global X S&P 500 Risk Managed Income ETF in the second quarter valued at approximately $207,000.
Global X S&P 500 Risk Managed Income ETF Stock Up 1.2%
Shares of XRMI traded up $0.21 during trading hours on Thursday, reaching $17.40. 10,799 shares of the company traded hands, compared to its average volume of 19,856. The company’s fifty day moving average price is $17.32 and its two-hundred day moving average price is $17.26. The company has a market capitalization of $69.58 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a 12 month low of $16.73 and a 12 month high of $18.08.
About Global X S&P 500 Risk Managed Income ETF
The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.
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