Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Down 21.8% in February

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 28,467 shares, a drop of 21.8% from the January 29th total of 36,400 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 13,555 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 13,555 shares, the short-interest ratio is currently 2.1 days. Approximately 1.2% of the company’s shares are sold short.

Global X S&P 500 Risk Managed Income ETF Stock Down 0.4%

XRMI stock traded down $0.08 during midday trading on Tuesday, reaching $17.71. The stock had a trading volume of 18,617 shares, compared to its average volume of 20,971. The firm has a market cap of $41.44 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a twelve month low of $17.38 and a twelve month high of $18.99. The business has a fifty day simple moving average of $17.89 and a two-hundred day simple moving average of $17.81.

Global X S&P 500 Risk Managed Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 12.0%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the third quarter worth $91,000. Jane Street Group LLC acquired a new position in Global X S&P 500 Risk Managed Income ETF in the fourth quarter valued at about $219,000. Osaic Holdings Inc. raised its position in shares of Global X S&P 500 Risk Managed Income ETF by 53.1% during the second quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock worth $230,000 after purchasing an additional 4,470 shares during the period. Truist Financial Corp bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the 3rd quarter valued at about $250,000. Finally, Tactive Advisors LLC bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the 2nd quarter valued at about $456,000.

About Global X S&P 500 Risk Managed Income ETF

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.