Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Short Interest Down 18.6% in January

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 1,064,785 shares, a drop of 18.6% from the January 15th total of 1,308,724 shares. Based on an average trading volume of 884,769 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.4% of the company’s stock are short sold. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 884,769 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF

Hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. bought a new position in Global X S&P 500 Covered Call ETF in the 3rd quarter worth $67,135,000. Ameriprise Financial Inc. increased its position in Global X S&P 500 Covered Call ETF by 15.6% in the third quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock worth $66,507,000 after buying an additional 229,004 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Global X S&P 500 Covered Call ETF by 3,414.4% in the second quarter. J.W. Cole Advisors Inc. now owns 185,702 shares of the company’s stock worth $7,231,000 after buying an additional 180,418 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter valued at about $6,988,000. Finally, Global X Japan Co. Ltd. lifted its position in shares of Global X S&P 500 Covered Call ETF by 17.8% during the 3rd quarter. Global X Japan Co. Ltd. now owns 990,048 shares of the company’s stock valued at $38,869,000 after buying an additional 149,287 shares in the last quarter.

Global X S&P 500 Covered Call ETF Stock Up 0.3%

Shares of NYSEARCA XYLD traded up $0.12 during midday trading on Monday, hitting $40.61. The stock had a trading volume of 1,018,079 shares, compared to its average volume of 832,046. The company has a market cap of $3.16 billion, a P/E ratio of 25.32 and a beta of 0.53. The business’s 50 day moving average is $40.70 and its 200-day moving average is $39.90. Global X S&P 500 Covered Call ETF has a 52 week low of $34.53 and a 52 week high of $42.92.

Global X S&P 500 Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a $0.3597 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Global X S&P 500 Covered Call ETF’s previous monthly dividend of $0.33.

About Global X S&P 500 Covered Call ETF

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.