Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Short Interest Down 44.7% in May

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 752 shares, a decline of 44.7% from the April 30th total of 1,361 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,951 shares, the days-to-cover ratio is currently 0.4 days.

Global X Russell 2000 Covered Call & Growth ETF Stock Up 0.9%

Shares of RYLG stock traded up $0.21 on Tuesday, hitting $24.29. The stock had a trading volume of 3,761 shares, compared to its average volume of 2,668. The business has a 50 day moving average price of $23.03 and a 200 day moving average price of $22.91. The company has a market cap of $8.26 million, a PE ratio of 16.05 and a beta of 0.86. Global X Russell 2000 Covered Call & Growth ETF has a one year low of $20.53 and a one year high of $24.29.

Institutional Trading of 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 lifted its position in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,754 shares of the company’s stock after acquiring 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 as of its most recent SEC filing.

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.