Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Short Interest Down 87.2% in May

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,353 shares, a drop of 87.2% from the April 30th total of 10,568 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 112,699 shares, the short-interest ratio is presently 0.0 days.

Roundhill S&P 500 Target 20 Managed Distribution ETF Stock Performance

Shares of NYSEARCA:XPAY traded up $0.16 during mid-day trading on Friday, reaching $55.00. 42,347 shares of the company were exchanged, compared to its average volume of 74,149. The firm’s 50-day simple moving average is $51.91 and its 200 day simple moving average is $52.91. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 1 year low of $47.35 and a 1 year high of $56.51.

Hedge Funds Weigh In On Roundhill S&P 500 Target 20 Managed Distribution ETF

A number of hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock worth $65,000 after purchasing an additional 980 shares during the period. Planning Directions Inc. purchased a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the 4th quarter worth approximately $229,000. Citadel Advisors LLC purchased a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the 3rd quarter worth approximately $316,000. Jane Street Group LLC boosted its position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 189.3% during the 1st quarter. Jane Street Group LLC now owns 11,127 shares of the company’s stock worth $576,000 after purchasing an additional 7,281 shares during the period. Finally, Wolverine Trading LLC purchased a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the 3rd quarter worth approximately $1,847,000.

Roundhill S&P 500 Target 20 Managed Distribution ETF Company Profile

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.