Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Large Increase in Short Interest

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 1,650,369 shares, a growth of 44.9% from the February 12th total of 1,138,732 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,023,742 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 1,023,742 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.1% of the shares of the stock are sold short.

Institutional Trading of Global X S&P 500 Covered Call ETF

Institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in Global X S&P 500 Covered Call ETF by 2.0% during the 4th quarter. Morgan Stanley now owns 3,987,866 shares of the company’s stock valued at $162,027,000 after purchasing an additional 76,631 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter valued at about $67,135,000. Ameriprise Financial Inc. lifted its holdings in Global X S&P 500 Covered Call ETF by 15.6% in the third quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock valued at $66,507,000 after acquiring an additional 229,004 shares during the period. Global X Japan Co. Ltd. lifted its stake in shares of Global X S&P 500 Covered Call ETF by 17.8% in the 3rd quarter. Global X Japan Co. Ltd. now owns 990,048 shares of the company’s stock valued at $38,869,000 after purchasing an additional 149,287 shares during the period. Finally, Brookstone Capital Management raised its position in shares of Global X S&P 500 Covered Call ETF by 2.2% in the fourth quarter. Brookstone Capital Management now owns 827,203 shares of the company’s stock worth $33,609,000 after acquiring an additional 17,545 shares during the period.

Global X S&P 500 Covered Call ETF Price Performance

Shares of Global X S&P 500 Covered Call ETF stock traded down $0.21 during trading on Friday, hitting $39.79. The stock had a trading volume of 2,337,586 shares, compared to its average volume of 1,144,151. The stock has a market cap of $3.10 billion, a PE ratio of 25.32 and a beta of 0.53. The firm’s fifty day simple moving average is $40.70 and its 200-day simple moving average is $40.12. Global X S&P 500 Covered Call ETF has a 12 month low of $34.53 and a 12 month high of $41.10.

Global X S&P 500 Covered Call ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were issued a $0.3412 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 10.3%.

About Global X S&P 500 Covered Call ETF

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.