Short Interest in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Rises By 82.2%

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 11,346 shares, an increase of 82.2% from the May 14th total of 6,226 shares. Based on an average trading volume of 13,731 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s stock are sold short.

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

Global X S&P 500 Risk Managed Income ETF stock opened at $17.33 on Wednesday. The company’s fifty day simple moving average is $17.19 and its 200-day simple moving average is $17.54. Global X S&P 500 Risk Managed Income ETF has a 12 month low of $16.73 and a 12 month high of $18.08. The stock has a market cap of $49.22 million, a P/E ratio of 25.29 and a beta of 0.35.

Hedge Funds Weigh In On Global X S&P 500 Risk Managed Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new stake in shares of Global X S&P 500 Risk Managed Income ETF in the 3rd quarter valued at $91,000. Jane Street Group LLC acquired a new stake in shares of Global X S&P 500 Risk Managed Income ETF in the 4th quarter valued at $219,000. Osaic Holdings Inc. lifted its stake in shares of 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 purchasing an additional 4,470 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Global X S&P 500 Risk Managed Income ETF in the 3rd quarter valued at $250,000. Finally, Tactive Advisors LLC lifted its stake in shares of Global X S&P 500 Risk Managed Income ETF by 20.3% in the 1st quarter. Tactive Advisors LLC now owns 31,894 shares of the company’s stock valued at $539,000 after purchasing an additional 5,379 shares during the last quarter.

Global X S&P 500 Risk Managed Income ETF Company Profile

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.