Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Short Interest Up 530.4% in August

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 2,837 shares, a growth of 530.4% from the August 15th total of 450 shares. Based on an average daily volume of 5,975 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the company’s stock are sold short.

Global X Information Technology Covered Call & Growth ETF Stock Performance

Shares of TYLG traded up $0.47 during midday trading on Friday, hitting $42.26. The company had a trading volume of 1,308 shares, compared to its average volume of 2,829. The company’s 50-day simple moving average is $41.16 and its 200-day simple moving average is $39.35. The firm has a market capitalization of $15.21 million, a P/E ratio of 36.82 and a beta of 1.02. Global X Information Technology Covered Call & Growth ETF has a 1 year low of $32.61 and a 1 year high of $43.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management acquired a new stake in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 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.