Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Sees Large Decline in Short Interest

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 381 shares, a drop of 77.7% from the May 31st total of 1,710 shares. Based on an average daily volume of 4,139 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Global X Information Technology Covered Call & Growth ETF Stock Down 1.0%

Shares of TYLG opened at $40.92 on Friday. The stock has a market cap of $13.50 million, a P/E ratio of 36.82 and a beta of 1.00. The business’s 50 day moving average price is $40.60 and its 200-day moving average price is $37.44. Global X Information Technology Covered Call & Growth ETF has a 52 week low of $32.61 and a 52 week high of $43.43.

Hedge Funds Weigh In On Global X Information Technology Covered Call & Growth ETF

A hedge fund recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management bought a new stake in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned 2.76% of Global X Information Technology Covered Call & Growth ETF as of its most recent filing with the Securities and Exchange Commission.

Global X Information Technology Covered Call & Growth ETF Company Profile

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.