Short Interest in Roundhill S&P 500 0DTE Covered Call Strategy ETF (BATS:XDTE) Expands By 314.5%

Roundhill S&P 500 0DTE Covered Call Strategy ETF (BATS:XDTE) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 257,858 shares, an increase of 314.5% from the June 30th total of 62,206 shares. Based on an average trading volume of 218,348 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Roundhill S&P 500 0DTE Covered Call Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its holdings in shares of Roundhill S&P 500 0DTE Covered Call Strategy ETF by 250.0% in the 2nd quarter. Osaic Holdings Inc. now owns 700 shares of the company’s stock valued at $31,000 after buying an additional 500 shares during the period. Group One Trading LLC bought a new position in Roundhill S&P 500 0DTE Covered Call Strategy ETF in the fourth quarter worth about $44,000. Strive Financial Group LLC bought a new position in Roundhill S&P 500 0DTE Covered Call Strategy ETF in the fourth quarter worth about $146,000. PNC Financial Services Group Inc. boosted its stake in Roundhill S&P 500 0DTE Covered Call Strategy ETF by 35.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,600 shares of the company’s stock valued at $301,000 after acquiring an additional 2,000 shares during the period. Finally, NewEdge Wealth LLC acquired a new position in Roundhill S&P 500 0DTE Covered Call Strategy ETF in the first quarter valued at approximately $353,000.

Roundhill S&P 500 0DTE Covered Call Strategy ETF Price Performance

Shares of XDTE stock opened at $38.12 on Friday. The firm has a fifty day moving average of $39.13 and a two-hundred day moving average of $38.98. The firm has a market cap of $349.56 million, a P/E ratio of 24.81 and a beta of 0.99. Roundhill S&P 500 0DTE Covered Call Strategy ETF has a 1-year low of $35.87 and a 1-year high of $44.81.

About Roundhill S&P 500 0DTE Covered Call Strategy ETF

The Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide a high weekly distribution to shareholders through actively managed synthetic covered call strategy, while also providing limited exposure to the price return of the S&P 500 Index. XDTE was launched on Mar 7, 2024 and is issued by Roundhill.