Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Short Interest Down 26.9% in March

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,205,882 shares, a decrease of 26.9% from the February 26th total of 1,650,369 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 2,189,175 shares, the short-interest ratio is presently 0.6 days.

Global X S&P 500 Covered Call ETF Trading Down 1.1%

Shares of NYSEARCA:XYLD traded down $0.42 during midday trading on Friday, hitting $38.36. 981,959 shares of the stock were exchanged, compared to its average volume of 1,154,399. The stock has a market cap of $2.99 billion, a P/E ratio of 25.32 and a beta of 0.53. Global X S&P 500 Covered Call ETF has a twelve month low of $34.53 and a twelve month high of $41.10. The company has a 50 day moving average price of $40.38 and a 200-day moving average price of $40.15.

Global X S&P 500 Covered Call ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were given a $0.3412 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 10.7%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XYLD. MGB Wealth Management LLC purchased a new stake in Global X S&P 500 Covered Call ETF in the 2nd quarter valued at approximately $26,000. Activest Wealth Management acquired a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter worth $39,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter worth $52,000. Farther Finance Advisors LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the third quarter valued at $58,000. Finally, Caitlin John LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the third quarter valued at $94,000.

Global X S&P 500 Covered Call ETF Company Profile

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.