Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Get 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
About Global X S&P 500 Risk Managed Income ETF
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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