Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 31,340 shares, a growth of 57.2% from the August 15th total of 19,936 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 10,126 shares, the short-interest ratio is currently 3.1 days.
Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its position in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% in the first quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock valued at $3,190,000 after purchasing an additional 37,678 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the 2nd quarter valued at $207,000. Finally, Tactive Advisors LLC lifted its holdings in Global X S&P 500 Risk Managed Income ETF by 6.3% during the 2nd quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock worth $583,000 after purchasing an additional 1,999 shares in the last quarter.
Global X S&P 500 Risk Managed Income ETF Stock Up 0.1%
NYSEARCA XRMI opened at $17.39 on Friday. The firm has a market cap of $69.54 million, a P/E ratio of 25.29 and a beta of 0.35. The company’s 50 day moving average is $17.32 and its 200-day moving average is $17.26. Global X S&P 500 Risk Managed Income ETF has a 12-month low of $16.73 and a 12-month high of $18.08.
About Global X S&P 500 Risk Managed Income ETF
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.
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