Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Sees Large Decrease in Short Interest

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 7,885 shares, a decrease of 67.7% from the September 30th total of 24,375 shares. Based on an average trading volume of 41,529 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Roundhill S&P 500 Target 20 Managed Distribution ETF

A number of institutional investors and hedge funds have recently modified their holdings of XPAY. Latitude Advisors LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the 3rd quarter valued at about $93,000. Tactive Advisors LLC bought a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the 3rd quarter worth approximately $870,000. Integrated Wealth Concepts LLC bought a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the 2nd quarter worth approximately $80,000. Citadel Advisors LLC acquired a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the second quarter valued at approximately $338,000. Finally, Centaurus Financial Inc. acquired a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the first quarter valued at approximately $2,551,000.

Roundhill S&P 500 Target 20 Managed Distribution ETF Price Performance

Roundhill S&P 500 Target 20 Managed Distribution ETF stock traded down $0.88 during mid-day trading on Friday, hitting $50.50. The stock had a trading volume of 53,370 shares, compared to its average volume of 63,441. The stock has a 50-day simple moving average of $52.20 and a two-hundred day simple moving average of $52.52. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 12 month low of $47.35 and a 12 month high of $56.51.

Roundhill S&P 500 Target 20 Managed Distribution ETF Company Profile

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.