Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Sees Large Decline in Short Interest

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 17,550 shares, a decrease of 53.9% from the August 15th total of 38,110 shares. Based on an average trading volume of 33,733 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the company’s stock are sold short.

Roundhill S&P 500 Target 20 Managed Distribution ETF Trading Down 0.5%

NYSEARCA:XPAY traded down $0.24 during midday trading on Tuesday, reaching $51.41. The company had a trading volume of 20,704 shares, compared to its average volume of 68,590. The stock’s fifty day simple moving average is $52.90 and its 200-day simple moving average is $52.48. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 12-month low of $47.35 and a 12-month high of $56.51.

Hedge Funds Weigh In On Roundhill S&P 500 Target 20 Managed Distribution ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock worth $65,000 after buying an additional 980 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the 2nd quarter worth approximately $80,000. Citadel Advisors LLC acquired a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the 2nd quarter worth approximately $338,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the 1st quarter valued at approximately $2,551,000.

Roundhill S&P 500 Target 20 Managed Distribution ETF Company Profile

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.