Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Sees Significant Drop in Short Interest

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 798 shares, a drop of 81.9% from the September 30th total of 4,407 shares. Based on an average daily volume of 6,783 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Global X Information Technology Covered Call & Growth ETF Trading Up 1.5%

Global X Information Technology Covered Call & Growth ETF stock opened at $41.94 on Tuesday. Global X Information Technology Covered Call & Growth ETF has a 12 month low of $32.61 and a 12 month high of $44.35. The stock has a fifty day simple moving average of $42.42 and a two-hundred day simple moving average of $39.37. The firm has a market cap of $15.10 million, a price-to-earnings ratio of 36.82 and a beta of 1.00.

About Global X Information Technology Covered Call & Growth ETF

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.