S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 49,116 shares, a drop of 52.9% from the September 15th total of 104,389 shares. Based on an average daily volume of 28,217 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.1% of the shares of the company are short sold.
Institutional Investors Weigh In On S&P 500 Covered Call & Growth ETF
A hedge fund recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC increased its holdings in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) by 377.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 Down 0.7%
Shares of NYSEARCA:XYLG traded down $0.20 during midday trading on Wednesday, hitting $29.76. The stock had a trading volume of 12,386 shares, compared to its average volume of 22,025. The company has a market capitalization of $72.02 million, a PE ratio of 25.30 and a beta of 0.75. S&P 500 Covered Call & Growth ETF has a 1 year low of $25.63 and a 1 year high of $30.04. The stock has a 50 day moving average price of $29.60 and a two-hundred day moving average price of $28.77.
S&P 500 Covered Call & Growth ETF Company Profile
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.
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