Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Sees Significant Drop in Short Interest

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,337 shares, a decline of 68.1% from the June 30th total of 10,464 shares. Based on an average daily volume of 68,440 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Roundhill S&P 500 Target 20 Managed Distribution ETF Trading Down 0.1%

Shares of XPAY opened at $51.92 on Friday. Roundhill S&P 500 Target 20 Managed Distribution ETF has a fifty-two week low of $47.35 and a fifty-two week high of $56.51. The firm has a 50-day simple moving average of $53.37 and a 200-day simple moving average of $52.61.

Institutional Trading of Roundhill S&P 500 Target 20 Managed Distribution ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock valued at $65,000 after purchasing an additional 980 shares during the last quarter. Planning Directions Inc. purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the fourth quarter worth approximately $229,000. Citadel Advisors LLC acquired a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter worth $316,000. Jane Street Group LLC lifted its holdings in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 189.3% during the first 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 acquired a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter worth $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.