Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Sees Significant Drop in Short Interest

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,497,640 shares, a decline of 19.6% from the December 31st total of 3,105,642 shares. Based on an average daily trading volume, of 953,907 shares, the short-interest ratio is currently 2.6 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 953,907 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call ETF

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in Global X Russell 2000 Covered Call ETF by 21.0% in the third quarter. Ameriprise Financial Inc. now owns 1,116,435 shares of the company’s stock worth $16,803,000 after buying an additional 193,407 shares during the last quarter. Foresight Capital Management Advisors Inc. purchased a new stake in shares of Global X Russell 2000 Covered Call ETF in the second quarter valued at $1,973,000. Stratos Wealth Partners LTD. lifted its holdings in shares of Global X Russell 2000 Covered Call ETF by 1,007.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 135,570 shares of the company’s stock worth $2,021,000 after acquiring an additional 123,331 shares during the last quarter. AlphaStar Capital Management LLC lifted its holdings in shares of Global X Russell 2000 Covered Call ETF by 28.0% in the 2nd quarter. AlphaStar Capital Management LLC now owns 554,027 shares of the company’s stock worth $8,261,000 after acquiring an additional 121,070 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Global X Russell 2000 Covered Call ETF by 392.7% during the 2nd quarter. Avantax Advisory Services Inc. now owns 146,111 shares of the company’s stock worth $2,179,000 after purchasing an additional 116,453 shares during the period.

Global X Russell 2000 Covered Call ETF Trading Up 0.8%

Shares of NYSEARCA:RYLD traded up $0.13 during trading on Monday, reaching $15.57. The company’s stock had a trading volume of 1,138,935 shares, compared to its average volume of 1,018,535. Global X Russell 2000 Covered Call ETF has a 12 month low of $13.16 and a 12 month high of $16.87. The firm’s 50 day simple moving average is $15.48 and its two-hundred day simple moving average is $15.24. The stock has a market capitalization of $1.31 billion, a PE ratio of 15.90 and a beta of 0.59.

Global X Russell 2000 Covered Call ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a $0.1573 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16.

Global X Russell 2000 Covered Call ETF Company Profile

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.