Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Short Interest Up 123.0% in August

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 4,386 shares, a growth of 123.0% from the July 30th total of 1,967 shares. Based on an average daily volume of 2,271 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call & Growth ETF

An institutional investor recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC increased its position in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,057 shares of the company’s stock after acquiring an additional 1,467 shares during the period. 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 Price Performance

Shares of Global X Russell 2000 Covered Call & Growth ETF stock traded down $0.19 during trading on Friday, hitting $24.69. 1,042 shares of the company’s stock traded hands, compared to its average volume of 2,404. Global X Russell 2000 Covered Call & Growth ETF has a 1 year low of $21.25 and a 1 year high of $25.25. The stock has a market capitalization of $8.39 million, a P/E ratio of 16.05 and a beta of 0.84. The business has a 50-day simple moving average of $24.69 and a 200-day simple moving average of $23.67.

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.