Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Short Interest Up 886.8% in May

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 13,352 shares, an increase of 886.8% from the May 14th total of 1,353 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 54,246 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Roundhill S&P 500 Target 20 Managed Distribution ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the fourth quarter valued at about $721,000. Wolverine Trading LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter valued at about $1,847,000. Citadel Advisors LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter valued at about $316,000. Centaurus Financial Inc. bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the first quarter valued at about $2,551,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock valued at $65,000 after buying an additional 980 shares during the period.

Roundhill S&P 500 Target 20 Managed Distribution ETF Stock Down 0.1%

NYSEARCA XPAY opened at $53.62 on Wednesday. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 52 week low of $47.35 and a 52 week high of $56.51. The firm’s 50-day simple moving average is $52.69 and its two-hundred day simple moving average is $52.91.

Roundhill S&P 500 Target 20 Managed Distribution ETF Company Profile

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.