Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Short Interest Down 15.7% in December

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 3,426,505 shares, a decrease of 15.7% from the November 30th total of 4,065,554 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 809,995 shares, the short-interest ratio is presently 4.2 days. Based on an average daily volume of 809,995 shares, the short-interest ratio is presently 4.2 days. Approximately 4.2% of the shares of the company are sold short.

Global X Russell 2000 Covered Call ETF Trading Down 0.4%

Shares of RYLD stock opened at $15.38 on Wednesday. Global X Russell 2000 Covered Call ETF has a 12-month low of $13.16 and a 12-month high of $16.87. The stock has a market capitalization of $1.25 billion, a P/E ratio of 15.90 and a beta of 0.59. The firm’s 50 day moving average is $15.34 and its 200 day moving average is $15.13.

Institutional Trading of Global X Russell 2000 Covered Call ETF

Several large investors have recently modified their holdings of RYLD. AlphaCore Capital LLC lifted its holdings in Global X Russell 2000 Covered Call ETF by 91.4% in the second quarter. AlphaCore Capital LLC now owns 2,094 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Global X Russell 2000 Covered Call ETF during the 2nd quarter valued at about $34,000. Advisory Services Network LLC purchased a new stake in shares of Global X Russell 2000 Covered Call ETF during the 3rd quarter valued at about $37,000. Qube Research & Technologies Ltd lifted its stake in shares of Global X Russell 2000 Covered Call ETF by 67.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,643 shares of the company’s stock worth $40,000 after purchasing an additional 1,065 shares during the period. Finally, Alaska Permanent Capital Management LLC purchased a new position in shares of Global X Russell 2000 Covered Call ETF in the third quarter worth approximately $128,000.

About Global X Russell 2000 Covered Call ETF

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.