Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Update

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMIGet Free Report) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 395 shares, a decline of 93.5% from the December 31st total of 6,071 shares. Based on an average daily trading volume, of 36,544 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,544 shares, the days-to-cover ratio is presently 0.0 days.

Global X S&P 500 Risk Managed Income ETF Trading Up 0.1%

Shares of NYSEARCA:XRMI traded up $0.01 during midday trading on Thursday, reaching $17.92. 12,195 shares of the company were exchanged, compared to its average volume of 28,200. The stock has a market cap of $41.93 million, a PE ratio of 25.29 and a beta of 0.35. The business’s fifty day moving average is $17.90 and its two-hundred day moving average is $17.80. Global X S&P 500 Risk Managed Income ETF has a one year low of $17.38 and a one year high of $19.63.

Global X S&P 500 Risk Managed Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.1837 per share. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF

Large investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its stake in Global X S&P 500 Risk Managed Income ETF by 53.1% during the second quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock valued at $230,000 after purchasing an additional 4,470 shares in the last quarter. SteelPeak Wealth LLC grew its stake in shares of Global X S&P 500 Risk Managed Income ETF by 12.0% in the 2nd quarter. SteelPeak Wealth LLC now owns 45,225 shares of the company’s stock worth $809,000 after buying an additional 4,850 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Global X S&P 500 Risk Managed Income ETF in the 3rd quarter worth about $91,000. Tactive Advisors LLC raised its position in shares of Global X S&P 500 Risk Managed Income ETF by 21.9% during the 3rd quarter. Tactive Advisors LLC now owns 31,067 shares of the company’s stock valued at $549,000 after buying an additional 5,578 shares in the last quarter. Finally, Brookwood Investment Group LLC raised its position in shares of Global X S&P 500 Risk Managed Income ETF by 53.9% during the 2nd quarter. Brookwood Investment Group LLC now owns 23,018 shares of the company’s stock valued at $412,000 after buying an additional 8,065 shares in the last quarter.

About Global X S&P 500 Risk Managed Income ETF

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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.

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