Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Short Interest Up 48.7% in February

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 5,343 shares, an increase of 48.7% from the February 12th total of 3,593 shares. Based on an average trading volume of 1,876 shares, the short-interest ratio is presently 2.8 days. Approximately 1.5% of the shares of the company are short sold. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 1,876 shares, the short-interest ratio is presently 2.8 days.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call & Growth ETF

An institutional investor recently raised its position in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC grew its position in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,057 shares of the company’s stock after acquiring an additional 1,467 shares during the quarter. Farther Finance Advisors LLC owned about 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 as of its most recent filing with the SEC.

Global X Russell 2000 Covered Call & Growth ETF Stock Performance

Shares of Global X Russell 2000 Covered Call & Growth ETF stock traded down $0.08 on Friday, reaching $21.84. 1,491 shares of the company were exchanged, compared to its average volume of 2,888. The company’s 50-day moving average is $22.97 and its two-hundred day moving average is $22.81. The firm has a market cap of $7.64 million, a price-to-earnings ratio of 16.05 and a beta of 0.89. Global X Russell 2000 Covered Call & Growth ETF has a 1-year low of $17.93 and a 1-year high of $23.49.

Global X Russell 2000 Covered Call & Growth ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were paid a dividend of $0.1369 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Monday, February 23rd.

About Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.