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

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,610 shares, a growth of 197.6% from the December 31st total of 541 shares. Based on an average daily volume of 3,853 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 3,853 shares, the days-to-cover ratio is currently 0.4 days.

Global X Russell 2000 Covered Call & Growth ETF Trading Down 1.1%

NYSEARCA:RYLG opened at $22.81 on Friday. The stock has a market cap of $7.98 million, a P/E ratio of 16.05 and a beta of 0.89. The stock has a 50 day simple moving average of $22.97 and a 200 day simple moving average of $22.52. Global X Russell 2000 Covered Call & Growth ETF has a 1-year low of $17.93 and a 1-year high of $23.51.

Global X Russell 2000 Covered Call & Growth ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.1481 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management lifted its stake in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,754 shares of the company’s stock after buying an additional 1,079 shares during the period. Triumph Capital Management owned approximately 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

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.