Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Short Interest Down 60.6% in May

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,847 shares, a drop of 60.6% from the April 30th total of 4,688 shares. Based on an average trading volume of 3,263 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the stock are short sold.

Global X Information Technology Covered Call & Growth ETF Price Performance

Shares of NYSEARCA TYLG traded up $0.57 during mid-day trading on Monday, reaching $43.08. 4,385 shares of the company traded hands, compared to its average volume of 2,229. Global X Information Technology Covered Call & Growth ETF has a fifty-two week low of $31.35 and a fifty-two week high of $43.12. The firm has a market cap of $14.22 million, a PE ratio of 36.82 and a beta of 0.96. The stock has a fifty day simple moving average of $37.94 and a 200-day simple moving average of $36.64.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management purchased a new position in 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 & Exchange Commission. The fund purchased 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned about 2.76% of Global X Information Technology Covered Call & Growth ETF as of its most recent filing with the Securities & Exchange Commission.

About Global X Information Technology Covered Call & Growth ETF

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.