Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Drops By 97.9%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 16 shares, a decline of 97.9% from the May 14th total of 752 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,614 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call & Growth ETF

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC increased its holdings in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,057 shares of the company’s stock after buying an additional 1,467 shares during the quarter. Farther Finance Advisors LLC owned about 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 at the end of the most recent reporting period.

Global X Russell 2000 Covered Call & Growth ETF Stock Performance

Shares of RYLG traded up $0.05 during trading hours on Tuesday, hitting $23.91. The company had a trading volume of 601 shares, compared to its average volume of 2,583. The firm has a fifty day moving average price of $23.31 and a 200-day moving average price of $22.98. The stock has a market capitalization of $8.13 million, a price-to-earnings ratio of 16.05 and a beta of 0.86. Global X Russell 2000 Covered Call & Growth ETF has a 52-week low of $20.66 and a 52-week high of $24.35.

About Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.