Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Short Interest Down 26.9% in March

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,205,882 shares, a decline of 26.9% from the February 26th total of 1,650,369 shares. Based on an average daily volume of 2,189,175 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Trading of Global X S&P 500 Covered Call ETF

A number of hedge funds have recently bought and sold shares of XYLD. First Heartland Consultants Inc. raised its position in shares of Global X S&P 500 Covered Call ETF by 2.8% in the 4th quarter. First Heartland Consultants Inc. now owns 9,246 shares of the company’s stock worth $376,000 after buying an additional 248 shares during the period. Solutions 4 Wealth Ltd grew its position in Global X S&P 500 Covered Call ETF by 3.0% during the second quarter. Solutions 4 Wealth Ltd now owns 8,774 shares of the company’s stock valued at $342,000 after acquiring an additional 258 shares during the period. MeadowBrook Investment Advisors LLC increased its stake in Global X S&P 500 Covered Call ETF by 7.6% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,836 shares of the company’s stock worth $151,000 after acquiring an additional 270 shares during the last quarter. IMG Wealth Management Inc. increased its stake in Global X S&P 500 Covered Call ETF by 11.3% during the fourth quarter. IMG Wealth Management Inc. now owns 2,926 shares of the company’s stock worth $119,000 after acquiring an additional 297 shares during the last quarter. Finally, Equitable Holdings Inc. raised its holdings in shares of Global X S&P 500 Covered Call ETF by 3.3% in the 3rd quarter. Equitable Holdings Inc. now owns 11,627 shares of the company’s stock worth $456,000 after purchasing an additional 369 shares during the period.

Global X S&P 500 Covered Call ETF Price Performance

NYSEARCA:XYLD traded down $0.42 on Friday, reaching $38.36. The stock had a trading volume of 981,959 shares, compared to its average volume of 1,154,399. Global X S&P 500 Covered Call ETF has a 12-month low of $34.53 and a 12-month high of $41.10. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 25.32 and a beta of 0.53. The firm’s fifty day moving average is $40.38 and its two-hundred day moving average is $40.15.

Global X S&P 500 Covered Call ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were paid a dividend of $0.3412 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 10.7%.

About Global X S&P 500 Covered Call ETF

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.