Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Short Interest Update

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,361 shares, a drop of 43.7% from the April 15th total of 2,418 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 4,383 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management boosted its position in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,754 shares of the company’s stock after buying an additional 1,079 shares during the quarter. Triumph Capital Management owned 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 at the end of the most recent quarter.

Global X Russell 2000 Covered Call & Growth ETF Stock Down 1.2%

Shares of RYLG stock opened at $23.22 on Tuesday. The stock has a 50-day simple moving average of $22.68 and a 200 day simple moving average of $22.84. Global X Russell 2000 Covered Call & Growth ETF has a fifty-two week low of $19.97 and a fifty-two week high of $23.94. The stock has a market capitalization of $7.89 million, a P/E ratio of 16.05 and a beta of 0.86.

About Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.