S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Down 48.5% in May

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 12,971 shares, a decline of 48.5% from the April 30th total of 25,193 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 17,426 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors 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 acquired a new stake in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Stock Up 0.0%

Shares of NYSEARCA:XYLG traded up $0.01 during midday trading on Monday, reaching $29.04. The company’s stock had a trading volume of 21,531 shares, compared to its average volume of 24,016. The firm has a market cap of $66.21 million, a price-to-earnings ratio of 25.30 and a beta of 0.75. S&P 500 Covered Call & Growth ETF has a 1 year low of $25.63 and a 1 year high of $29.91. The business has a 50 day moving average price of $27.64 and a 200 day moving average price of $28.04.

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.