Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Stock Short Interest Report for October

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 47,766 shares, a drop of 45.9% from the September 30th total of 88,248 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 13,384 shares, the short-interest ratio is currently 3.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XRMI. Sequoia Financial Advisors LLC bought a new position in shares of Global X S&P 500 Risk Managed Income ETF in the 2nd quarter valued at about $207,000. Tactive Advisors LLC lifted its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 6.3% during the second quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock worth $583,000 after purchasing an additional 1,999 shares during the period. Envestnet Asset Management Inc. grew its stake in Global X S&P 500 Risk Managed Income ETF by 21.5% in the second quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock valued at $3,057,000 after acquiring an additional 31,462 shares during the period. Cetera Investment Advisers raised its stake in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% during the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after purchasing an additional 37,678 shares during the period. Finally, Foguth Wealth Management LLC. purchased a new position in Global X S&P 500 Risk Managed Income ETF during the third quarter valued at approximately $12,741,000.

Global X S&P 500 Risk Managed Income ETF Price Performance

XRMI traded down $0.14 during trading hours on Friday, hitting $17.00. 20,319 shares of the stock were exchanged, compared to its average volume of 19,527. The stock has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $17.36. The stock has a market cap of $62.56 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a 12 month low of $16.73 and a 12 month high of $18.08.

Global X S&P 500 Risk Managed Income ETF Company Profile

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.