Global X Russell 2000 ETF (NYSEARCA:RSSL) Sees Significant Drop in Short Interest

Global X Russell 2000 ETF (NYSEARCA:RSSL) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 8,592 shares, a drop of 45.9% from the January 29th total of 15,877 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 12,572 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 12,572 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

Global X Russell 2000 ETF Price Performance

RSSL traded down $1.91 during trading hours on Friday, hitting $102.33. 26,824 shares of the stock were exchanged, compared to its average volume of 16,411. The stock has a 50-day simple moving average of $102.01 and a 200-day simple moving average of $97.46. Global X Russell 2000 ETF has a 12 month low of $67.67 and a 12 month high of $106.37. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 16.96 and a beta of 1.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new stake in shares of Global X Russell 2000 ETF during the 2nd quarter valued at about $461,000. LPL Financial LLC boosted its stake in Global X Russell 2000 ETF by 243.7% in the fourth quarter. LPL Financial LLC now owns 39,184 shares of the company’s stock valued at $3,785,000 after acquiring an additional 27,784 shares during the period. Bank of Montreal Can grew its holdings in shares of Global X Russell 2000 ETF by 84.7% during the fourth quarter. Bank of Montreal Can now owns 9,637 shares of the company’s stock valued at $931,000 after purchasing an additional 4,418 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Global X Russell 2000 ETF during the first quarter valued at approximately $773,000.

About Global X Russell 2000 ETF

The Global X Russell 2000 ETF (RSSL) is an exchange-traded fund that is based on the Russell 2000 RIC Capped index. The fund tracks an index comprised of small-cap U.S. equities with quarterly capping, ensuring compliance with RIC concentration requirements RSSL was launched on Jun 4, 2024 and is issued by Global X.