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

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 1,897 shares, a decrease of 31.0% from the February 12th total of 2,749 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 2,789 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 2,789 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of Global X Information Technology Covered Call & Growth ETF

A hedge fund recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management purchased a new stake in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned approximately 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 Stock Down 0.5%

Shares of Global X Information Technology Covered Call & Growth ETF stock traded down $0.19 during trading on Friday, reaching $34.72. The company’s stock had a trading volume of 619 shares, compared to its average volume of 1,821. Global X Information Technology Covered Call & Growth ETF has a 1-year low of $25.58 and a 1-year high of $37.54. The company has a 50-day simple moving average of $35.81 and a two-hundred day simple moving average of $35.85. The company has a market cap of $10.76 million, a price-to-earnings ratio of 36.82 and a beta of 0.92.

Global X Information Technology Covered Call & Growth ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.2993 per share. The ex-dividend date was Monday, February 23rd. This is a positive change from Global X Information Technology Covered Call & Growth ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%.

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.