Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Update

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 36,400 shares, a growth of 9,115.2% from the January 15th total of 395 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 17,811 shares, the short-interest ratio is presently 2.0 days. Based on an average daily volume of 17,811 shares, the short-interest ratio is presently 2.0 days. Currently, 1.6% of the shares of the company are short sold.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.1%

Shares of XRMI stock opened at $17.96 on Wednesday. Global X S&P 500 Risk Managed Income ETF has a 52-week low of $17.38 and a 52-week high of $19.63. The stock has a market cap of $42.03 million, a PE ratio of 25.29 and a beta of 0.35. The business has a 50-day simple moving average of $17.91 and a 200-day simple moving average of $17.81.

Global X S&P 500 Risk Managed Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a $0.1837 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 12.3%.

Hedge Funds Weigh In On Global X S&P 500 Risk Managed Income ETF

Institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in Global X S&P 500 Risk Managed Income ETF during the third quarter worth $91,000. Osaic Holdings Inc. increased its holdings in Global X S&P 500 Risk Managed Income ETF by 53.1% in the second quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock valued at $230,000 after buying an additional 4,470 shares in the last quarter. Truist Financial Corp acquired a new position in shares of Global X S&P 500 Risk Managed Income ETF in the third quarter worth about $250,000. Brookwood Investment Group LLC boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF by 53.9% during the 2nd quarter. Brookwood Investment Group LLC now owns 23,018 shares of the company’s stock worth $412,000 after acquiring an additional 8,065 shares in the last quarter. Finally, Tactive Advisors LLC purchased a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the 2nd quarter worth about $456,000.

Global X S&P 500 Risk Managed Income ETF Company Profile

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.