Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Stock Short Interest Declines 87.4%

Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 106 shares, a drop of 87.4% from the October 15th total of 843 shares. Based on an average trading volume of 2,686 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Global X S&P 500 Tail Risk ETF Stock Up 1.3%

NYSEARCA:XTR traded up $0.38 during mid-day trading on Wednesday, hitting $28.66. 1,772 shares of the stock traded hands, compared to its average volume of 2,053. The business’s 50-day moving average price is $28.87 and its 200 day moving average price is $27.84. The company has a market cap of $4.87 million, a PE ratio of 25.32 and a beta of 0.86. Global X S&P 500 Tail Risk ETF has a 12-month low of $24.63 and a 12-month high of $31.42.

Global X S&P 500 Tail Risk ETF Company Profile

The Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund that is based on the Cboe S&P 500 Tail Risk index. The fund tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. XTR was launched on Aug 25, 2021 and is managed by Global X.