Short Interest in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Increases By 430.3%

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,734 shares, an increase of 430.3% from the June 30th total of 327 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 2,931 shares, the days-to-cover ratio is presently 0.6 days.

Global X Information Technology Covered Call & Growth ETF Price Performance

NYSEARCA:TYLG traded down $0.40 on Friday, reaching $39.65. 2,130 shares of the company’s stock were exchanged, compared to its average volume of 2,557. The firm has a market cap of $14.27 million, a price-to-earnings ratio of 36.82 and a beta of 0.99. The stock has a fifty day simple moving average of $41.38 and a 200-day simple moving average of $38.08. Global X Information Technology Covered Call & Growth ETF has a 52 week low of $32.61 and a 52 week high of $43.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management acquired a new position in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned approximately 2.76% of Global X Information Technology Covered Call & Growth ETF as of its most recent filing with the Securities and Exchange Commission.

Global X Information Technology Covered Call & Growth ETF Company Profile

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.