S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Down 37.8% in August

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 11,552 shares, a decrease of 37.8% from the August 15th total of 18,573 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 7,932 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC increased its stake in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 377.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,763 shares of the company’s stock after buying an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned about 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Trading Up 1.1%

XYLG stock traded up $0.34 during mid-day trading on Thursday, hitting $29.57. 106,122 shares of the company were exchanged, compared to its average volume of 21,604. S&P 500 Covered Call & Growth ETF has a twelve month low of $25.63 and a twelve month high of $29.91. The company has a market capitalization of $88.67 million, a PE ratio of 25.30 and a beta of 0.75. The firm has a fifty day simple moving average of $29.30 and a 200 day simple moving average of $28.40.

About S&P 500 Covered Call & Growth ETF

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.