Short Interest in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Drops By 60.6%

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,847 shares, a drop of 60.6% from the April 30th total of 4,688 shares. Based on an average daily volume of 3,263 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Global X Information Technology Covered Call & Growth ETF

An institutional investor recently bought a new position in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management bought a new position in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned about 2.76% of Global X Information Technology Covered Call & Growth ETF at the end of the most recent quarter.

Global X Information Technology Covered Call & Growth ETF Stock Up 1.4%

NYSEARCA TYLG opened at $42.51 on Friday. The company has a market capitalization of $14.03 million, a PE ratio of 36.82 and a beta of 0.96. Global X Information Technology Covered Call & Growth ETF has a 12-month low of $31.01 and a 12-month high of $42.51. The firm’s 50 day moving average is $37.78 and its 200-day moving average is $36.60.

Global X Information Technology Covered Call & Growth ETF Company Profile

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.