S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Sees Large Growth in Short Interest

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 28,118 shares, a growth of 87.3% from the May 31st total of 15,016 shares. Based on an average trading volume of 20,167 shares, the short-interest ratio is currently 1.4 days. Approximately 1.2% of the company’s shares are sold short.

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

An institutional investor recently raised its position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC boosted its holdings in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 377.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,763 shares of the company’s stock after buying an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned approximately 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

S&P 500 Covered Call & Growth ETF Price Performance

XYLG stock remained flat at $28.86 on Friday. 19,254 shares of the company traded hands, compared to its average volume of 23,628. The firm has a market cap of $65.80 million, a PE ratio of 25.30 and a beta of 0.75. S&P 500 Covered Call & Growth ETF has a 1 year low of $25.63 and a 1 year high of $29.91. The company has a fifty day simple moving average of $28.56 and a two-hundred day simple moving average of $27.94.

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.