Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Sees Large Growth in Short Interest

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 19,970 shares, an increase of 498.4% from the July 15th total of 3,337 shares. Based on an average daily volume of 34,633 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.6% of the company’s stock are short sold.

Roundhill S&P 500 Target 20 Managed Distribution ETF Stock Performance

XPAY traded up $0.38 during trading on Thursday, reaching $53.74. The company had a trading volume of 52,485 shares, compared to its average volume of 71,453. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 12 month low of $47.35 and a 12 month high of $56.51. The business’s fifty day moving average price is $53.06 and its 200 day moving average price is $52.52.

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

Several institutional investors have recently added to or reduced their stakes in XPAY. Jane Street Group LLC boosted its stake in Roundhill S&P 500 Target 20 Managed Distribution ETF by 189.3% in the 1st quarter. Jane Street Group LLC now owns 11,127 shares of the company’s stock worth $576,000 after purchasing an additional 7,281 shares during the period. Wolverine Trading LLC acquired a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the 3rd 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 in the third quarter valued at about $316,000. Geneos Wealth Management Inc. lifted its holdings in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock valued at $65,000 after purchasing an additional 980 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the first quarter worth about $2,551,000.

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.