Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Short Interest Down 15.7% in December

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 3,426,505 shares, a decline of 15.7% from the November 30th total of 4,065,554 shares. Based on an average daily volume of 809,995 shares, the days-to-cover ratio is currently 4.2 days. Currently, 4.2% of the company’s stock are sold short. Currently, 4.2% of the company’s stock are sold short. Based on an average daily volume of 809,995 shares, the days-to-cover ratio is currently 4.2 days.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call ETF

Several hedge funds have recently bought and sold shares of RYLD. Howe & Rusling Inc. grew its holdings in Global X Russell 2000 Covered Call ETF by 54.7% in the first quarter. Howe & Rusling Inc. now owns 11,721 shares of the company’s stock worth $177,000 after purchasing an additional 4,146 shares during the period. Private Client Services LLC boosted its position in shares of Global X Russell 2000 Covered Call ETF by 8.5% in the 2nd quarter. Private Client Services LLC now owns 13,548 shares of the company’s stock worth $202,000 after purchasing an additional 1,056 shares in the last quarter. Sandbox Financial Partners LLC grew its stake in shares of Global X Russell 2000 Covered Call ETF by 19.5% in the 2nd quarter. Sandbox Financial Partners LLC now owns 40,006 shares of the company’s stock worth $596,000 after buying an additional 6,539 shares during the last quarter. Triumph Capital Management increased its position in Global X Russell 2000 Covered Call ETF by 105.3% during the 2nd quarter. Triumph Capital Management now owns 67,118 shares of the company’s stock valued at $1,001,000 after buying an additional 34,421 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Global X Russell 2000 Covered Call ETF by 5.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 247,862 shares of the company’s stock valued at $3,718,000 after buying an additional 12,296 shares during the last quarter.

Global X Russell 2000 Covered Call ETF Trading Down 0.4%

RYLD opened at $15.38 on Wednesday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 15.90 and a beta of 0.59. The stock has a fifty day simple moving average of $15.34 and a two-hundred day simple moving average of $15.13. Global X Russell 2000 Covered Call ETF has a 12-month low of $13.16 and a 12-month high of $16.87.

About Global X Russell 2000 Covered Call ETF

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.