Short Interest in Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Decreases By 59.2%

Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,751 shares, a drop of 59.2% from the June 30th total of 11,637 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 4,254 shares, the days-to-cover ratio is currently 1.1 days.

Global X S&P 500 Tail Risk ETF Price Performance

Shares of XTR traded down $0.24 during trading hours on Wednesday, hitting $27.87. The stock had a trading volume of 598 shares, compared to its average volume of 2,398. The company’s fifty day moving average is $28.37 and its two-hundred day moving average is $27.19. Global X S&P 500 Tail Risk ETF has a 52 week low of $24.63 and a 52 week high of $31.42. The stock has a market capitalization of $4.74 million, a price-to-earnings ratio of 25.32 and a beta of 0.85.

About Global X S&P 500 Tail Risk ETF

The Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund that is based on the Cboe S&P 500 Tail Risk index. The fund tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. XTR was launched on Aug 25, 2021 and is managed by Global X.