Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Update

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 36,400 shares, an increase of 9,115.2% from the January 15th total of 395 shares. Based on an average trading volume of 17,811 shares, the short-interest ratio is currently 2.0 days. Currently, 1.6% of the shares of the company are short sold. Currently, 1.6% of the shares of the company are short sold. Based on an average trading volume of 17,811 shares, the short-interest ratio is currently 2.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in Global X S&P 500 Risk Managed Income ETF by 53.1% in the 2nd quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock valued at $230,000 after buying an additional 4,470 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Global X S&P 500 Risk Managed Income ETF in the third quarter valued at about $91,000. Tactive Advisors LLC boosted its position in shares of Global X S&P 500 Risk Managed Income ETF by 21.9% in the third quarter. Tactive Advisors LLC now owns 31,067 shares of the company’s stock valued at $549,000 after acquiring an additional 5,578 shares during the period. Brookwood Investment Group LLC grew its stake in shares of Global X S&P 500 Risk Managed Income ETF by 53.9% in the second quarter. Brookwood Investment Group LLC now owns 23,018 shares of the company’s stock valued at $412,000 after acquiring an additional 8,065 shares in the last quarter. Finally, Founders Financial Alliance LLC increased its position in Global X S&P 500 Risk Managed Income ETF by 22.1% during the third quarter. Founders Financial Alliance LLC now owns 47,428 shares of the company’s stock worth $839,000 after acquiring an additional 8,597 shares during the period.

Global X S&P 500 Risk Managed Income ETF Price Performance

XRMI stock opened at $17.96 on Thursday. 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. The stock has a market cap of $42.03 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. The company has a fifty day moving average price of $17.92 and a two-hundred day moving average price of $17.81.

Global X S&P 500 Risk Managed Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a dividend of $0.1837 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 12.3%.

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.