Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Update

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 95,784 shares, an increase of 205.6% from the August 31st total of 31,340 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 84,741 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Global X S&P 500 Risk Managed Income ETF

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% in the 1st 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. Envestnet Asset Management Inc. boosted its holdings in Global X S&P 500 Risk Managed Income ETF by 21.5% during the second quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock worth $3,057,000 after buying an additional 31,462 shares in the last quarter. Tactive Advisors LLC lifted its position in shares of 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 valued at $583,000 after acquiring an additional 1,999 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the 2nd quarter valued at approximately $207,000.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.1%

NYSEARCA:XRMI traded up $0.02 during midday trading on Friday, reaching $17.28. The stock had a trading volume of 5,589 shares, compared to its average volume of 19,873. The stock has a market cap of $59.44 million, a P/E ratio of 25.29 and a beta of 0.35. 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. The firm has a fifty day simple moving average of $17.31 and a two-hundred day simple moving average of $17.24.

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.