Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Short Interest Update

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 2,596 shares, a decline of 51.4% from the February 26th total of 5,343 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 2,661 shares, the days-to-cover ratio is currently 1.0 days.

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 boosted its position in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,754 shares of the company’s stock after purchasing an additional 1,079 shares during the period. Triumph Capital Management owned about 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 Stock Performance

Shares of RYLG stock traded down $0.28 during trading hours on Thursday, hitting $21.72. The company had a trading volume of 2,924 shares, compared to its average volume of 2,678. Global X Russell 2000 Covered Call & Growth ETF has a 12 month low of $17.93 and a 12 month high of $23.49. The firm has a market capitalization of $7.60 million, a price-to-earnings ratio of 16.05 and a beta of 0.89. The firm’s fifty day moving average is $22.80 and its 200 day moving average is $22.79.

Global X Russell 2000 Covered Call & Growth ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a $0.1369 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Monday, February 23rd.

Global X Russell 2000 Covered Call & Growth ETF Company Profile

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.