S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Sees Large Growth in Short Interest

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 72,856 shares, a growth of 111.3% from the December 15th total of 34,488 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average trading volume of 44,544 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 44,544 shares, the short-interest ratio is currently 1.6 days. Approximately 3.2% of the shares of the company are sold short.

S&P 500 Covered Call & Growth ETF Trading Down 0.5%

XYLG traded down $0.13 on Wednesday, reaching $27.74. The company had a trading volume of 21,503 shares, compared to its average volume of 48,311. The company has a market capitalization of $63.52 million, a P/E ratio of 25.30 and a beta of 0.78. The company has a fifty day moving average of $29.00 and a 200-day moving average of $28.61. S&P 500 Covered Call & Growth ETF has a one year low of $23.07 and a one year high of $29.91.

S&P 500 Covered Call & Growth ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a $2.1406 dividend. This represents a c) annualized dividend and a dividend yield of 92.6%. This is a positive change from S&P 500 Covered Call & Growth ETF’s previous monthly dividend of $0.12. The ex-dividend date was Tuesday, December 30th.

Institutional Investors Weigh In On S&P 500 Covered Call & Growth ETF

A hedge fund recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Private Trust Co. NA increased its position in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 100.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,000 shares of the company’s stock after purchasing an additional 500 shares during the period. Private Trust Co. NA owned about 0.05% of S&P 500 Covered Call & Growth ETF worth $28,000 at the end of the most recent reporting period.

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.