Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Sees Significant Decrease in Short Interest

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 16 shares, a drop of 97.9% from the May 14th total of 752 shares. Based on an average daily trading volume, of 2,614 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

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

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management increased its position in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,754 shares of the company’s stock after buying an additional 1,079 shares during the quarter. Triumph Capital Management owned 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 at the end of the most recent quarter.

Global X Russell 2000 Covered Call & Growth ETF Trading Up 1.9%

NYSEARCA RYLG traded up $0.45 during trading on Thursday, hitting $24.21. 1,520 shares of the company traded hands, compared to its average volume of 2,553. Global X Russell 2000 Covered Call & Growth ETF has a 12 month low of $20.66 and a 12 month high of $24.35. The business has a fifty day simple moving average of $23.36 and a 200 day simple moving average of $22.99. The company has a market capitalization of $8.23 million, a P/E ratio of 16.05 and a beta of 0.86.

About Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.