Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 31,340 shares, a growth of 57.2% from the August 15th total of 19,936 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 10,126 shares, the days-to-cover ratio is presently 3.1 days.
Global X S&P 500 Risk Managed Income ETF Price Performance
Shares of Global X S&P 500 Risk Managed Income ETF stock opened at $17.38 on Friday. The stock has a market capitalization of $69.50 million, a PE ratio of 25.29 and a beta of 0.35. The company’s fifty day simple moving average is $17.32 and its 200-day simple moving average is $17.26. Global X S&P 500 Risk Managed Income ETF has a 1-year low of $16.73 and a 1-year high of $18.08.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in Global X S&P 500 Risk Managed Income ETF by 24.9% in the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after acquiring an additional 37,678 shares in the last quarter. Tactive Advisors LLC raised its stake in Global X S&P 500 Risk Managed Income ETF by 6.3% during the 2nd quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock worth $583,000 after acquiring an additional 1,999 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Global X S&P 500 Risk Managed Income ETF during the second quarter valued at approximately $207,000.
About Global X S&P 500 Risk Managed Income ETF
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.
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