Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD – Get Free Report) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 1,061,468 shares, a decline of 27.2% from the December 15th total of 1,458,998 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 810,520 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 810,520 shares, the short-interest ratio is currently 1.3 days. Approximately 1.4% of the company’s shares are sold short.
Global X S&P 500 Covered Call ETF Stock Down 0.3%
Shares of XYLD stock traded down $0.11 during trading hours on Friday, hitting $40.91. 738,072 shares of the company were exchanged, compared to its average volume of 759,215. The firm has a fifty day moving average of $40.48 and a 200 day moving average of $39.65. Global X S&P 500 Covered Call ETF has a 1 year low of $34.53 and a 1 year high of $42.92. The firm has a market cap of $3.16 billion, a PE ratio of 25.32 and a beta of 0.53.
Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF
Institutional investors have recently added to or reduced their stakes in the company. MGB Wealth Management LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the second quarter worth about $26,000. GHP Investment Advisors Inc. acquired a new position in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter valued at approximately $34,000. Activest Wealth Management acquired a new position in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter valued at approximately $39,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter valued at approximately $52,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Global X S&P 500 Covered Call ETF during the third quarter worth approximately $58,000.
Global X S&P 500 Covered Call ETF Company Profile
The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.
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