Short Interest in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Decreases By 27.2%

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,061,468 shares, a drop of 27.2% from the December 15th total of 1,458,998 shares. Based on an average daily volume of 810,520 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.4% of the shares of the company are short sold. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 810,520 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Life Insurance Co. acquired a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter worth $67,135,000. Ameriprise Financial Inc. raised its stake in Global X S&P 500 Covered Call ETF by 15.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock valued at $66,507,000 after purchasing an additional 229,004 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Global X S&P 500 Covered Call ETF by 3,414.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 185,702 shares of the company’s stock worth $7,231,000 after purchasing an additional 180,418 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter valued at approximately $6,988,000. Finally, Global X Japan Co. Ltd. lifted its stake in shares of Global X S&P 500 Covered Call ETF by 17.8% during the third 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 during the period.

Global X S&P 500 Covered Call ETF Stock Performance

Global X S&P 500 Covered Call ETF stock traded down $0.11 during trading hours on Friday, reaching $40.91. 738,072 shares of the stock were exchanged, compared to its average volume of 759,215. Global X S&P 500 Covered Call ETF has a 52-week low of $34.53 and a 52-week high of $42.92. The stock has a market cap of $3.16 billion, a P/E ratio of 25.32 and a beta of 0.53. The firm’s 50 day moving average is $40.48 and its 200 day moving average is $39.65.

Global X S&P 500 Covered Call ETF Company Profile

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.