Short Interest in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Drops By 62.6%

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 649 shares, a decline of 62.6% from the July 15th total of 1,734 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,349 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management purchased a new stake in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned approximately 2.76% of Global X Information Technology Covered Call & Growth ETF as of its most recent SEC filing.

Global X Information Technology Covered Call & Growth ETF Price Performance

TYLG stock traded down $0.06 during trading on Friday, hitting $42.18. 3,539 shares of the stock traded hands, compared to its average volume of 2,609. Global X Information Technology Covered Call & Growth ETF has a 1 year low of $32.61 and a 1 year high of $43.43. The firm’s 50 day moving average is $41.16 and its two-hundred day moving average is $38.53. The stock has a market cap of $15.18 million, a price-to-earnings ratio of 36.82 and a beta of 1.01.

Global X Information Technology Covered Call & Growth ETF Company Profile

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.