S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 104,389 shares, a growth of 803.6% from the August 31st total of 11,552 shares. Based on an average trading volume of 24,957 shares, the days-to-cover ratio is presently 4.2 days. Currently, 4.7% of the shares of the company are sold short.
S&P 500 Covered Call & Growth ETF Price Performance
Shares of S&P 500 Covered Call & Growth ETF stock traded up $0.09 during midday trading on Friday, hitting $29.72. The company had a trading volume of 1,564 shares, compared to its average volume of 21,551. S&P 500 Covered Call & Growth ETF has a 1-year low of $25.63 and a 1-year high of $29.91. The business’s 50 day simple moving average is $29.37 and its two-hundred day simple moving average is $28.49. The stock has a market cap of $69.84 million, a PE ratio of 25.30 and a beta of 0.75.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC boosted its position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) by 377.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,763 shares of the company’s stock after acquiring an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned approximately 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 at the end of the most recent quarter.
About S&P 500 Covered Call & Growth ETF
The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.
Further Reading
- Five stocks we like better than S&P 500 Covered Call & Growth ETF
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
- Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for S&P 500 Covered Call & Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P 500 Covered Call & Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.
