S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 11,552 shares, a drop of 37.8% from the August 15th total of 18,573 shares. Based on an average daily volume of 7,932 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the shares of the company are short sold.
Institutional Trading of S&P 500 Covered Call & Growth ETF
A hedge fund recently raised its position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC raised its position in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) by 377.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,763 shares of the company’s stock after buying an additional 40,139 shares during the quarter. Janney Montgomery Scott LLC owned approximately 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.
S&P 500 Covered Call & Growth ETF Price Performance
NYSEARCA:XYLG traded down $0.08 during trading hours on Friday, reaching $29.47. The company had a trading volume of 13,921 shares, compared to its average volume of 21,626. The business’s 50 day moving average price is $29.31 and its 200-day moving average price is $28.41. S&P 500 Covered Call & Growth ETF has a 1-year low of $25.63 and a 1-year high of $29.91. The firm has a market cap of $88.39 million, a PE ratio of 25.30 and a beta of 0.75.
About S&P 500 Covered Call & Growth ETF
The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.
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