Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Short Interest Up 129.7% in May

Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,686 shares, an increase of 129.7% from the April 30th total of 4,652 shares. Approximately 8.9% of the company’s shares are sold short. Based on an average daily trading volume, of 2,646 shares, the days-to-cover ratio is presently 4.0 days.

Global X S&P 500 Tail Risk ETF Stock Up 0.2%

XTR stock traded up $0.06 during mid-day trading on Monday, hitting $28.87. 2,543 shares of the company were exchanged, compared to its average volume of 2,465. The firm has a market capitalization of $3.46 million, a P/E ratio of 25.32 and a beta of 0.85. The business has a fifty day simple moving average of $26.97 and a 200-day simple moving average of $27.71. Global X S&P 500 Tail Risk ETF has a 12-month low of $24.63 and a 12-month high of $31.42.

About Global X S&P 500 Tail Risk ETF

The Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund that is based on the Cboe S&P 500 Tail Risk index. The fund tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. XTR was launched on Aug 25, 2021 and is managed by Global X.