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 target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 30,496 shares, a growth of 201.5% from the January 29th total of 10,114 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 16,971 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 16,971 shares, the short-interest ratio is currently 1.8 days. Currently, 1.3% of the company’s shares are short sold.

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

S&P 500 Covered Call & Growth ETF stock traded down $0.15 during trading on Friday, hitting $27.52. The company had a trading volume of 11,668 shares, compared to its average volume of 28,566. The stock has a market cap of $65.22 million, a price-to-earnings ratio of 25.30 and a beta of 0.78. S&P 500 Covered Call & Growth ETF has a 1-year low of $23.07 and a 1-year high of $29.91. The company’s 50 day simple moving average is $27.95 and its 200-day simple moving average is $28.56.

S&P 500 Covered Call & Growth ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were paid a dividend of $0.1143 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.0%.

Hedge Funds Weigh In On S&P 500 Covered Call & Growth ETF

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned approximately 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent filing with the Securities & Exchange Commission.

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.