Short Interest in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Drops By 21.8%

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 28,467 shares, a drop of 21.8% from the January 29th total of 36,400 shares. Based on an average daily volume of 13,555 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.2% of the shares of the stock are sold short. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 13,555 shares, the days-to-cover ratio is presently 2.1 days.

Global X S&P 500 Risk Managed Income ETF Stock Performance

XRMI stock traded up $0.12 during trading on Wednesday, hitting $17.83. 1,535 shares of the company’s stock traded hands, compared to its average volume of 20,508. Global X S&P 500 Risk Managed Income ETF has a 52 week low of $17.38 and a 52 week high of $18.99. The stock has a market capitalization of $41.72 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. The business has a fifty day simple moving average of $17.89 and a 200 day simple moving average of $17.81.

Global X S&P 500 Risk Managed Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were given a $0.177 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a yield of 11.9%.

Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the 1st quarter valued at approximately $459,000. Cetera Investment Advisers boosted its stake in Global X S&P 500 Risk Managed Income ETF by 22.1% during the second quarter. Cetera Investment Advisers now owns 124,524 shares of the company’s stock worth $2,228,000 after buying an additional 22,532 shares during the period. Tactive Advisors LLC bought a new position in Global X S&P 500 Risk Managed Income ETF during the second quarter valued at $456,000. Osaic Holdings Inc. raised its stake in shares of Global X S&P 500 Risk Managed Income ETF by 53.1% in the second quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock valued at $230,000 after acquiring an additional 4,470 shares during the period. Finally, Brookwood Investment Group LLC lifted its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 76.2% in the 3rd quarter. Brookwood Investment Group LLC now owns 40,565 shares of the company’s stock worth $717,000 after acquiring an additional 17,547 shares during the last quarter.

Global X S&P 500 Risk Managed Income ETF Company Profile

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.