S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Sees Large Drop in Short Interest

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 32,321 shares, a decline of 17.0% from the March 31st total of 38,953 shares. Based on an average daily volume of 16,741 shares, the short-interest ratio is currently 1.9 days. Currently, 1.4% of the shares of the company are short sold.

S&P 500 Covered Call & Growth ETF Price Performance

NYSEARCA:XYLG opened at $28.21 on Friday. The firm’s fifty day moving average price is $27.15 and its two-hundred day moving average price is $28.13. S&P 500 Covered Call & Growth ETF has a one year low of $25.63 and a one year high of $29.91. The company has a market cap of $64.32 million, a P/E ratio of 25.30 and a beta of 0.75.

Hedge Funds Weigh In On S&P 500 Covered Call & Growth ETF

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC acquired a new stake in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned approximately 0.45% of S&P 500 Covered Call & Growth ETF at the end of the most recent quarter.

About S&P 500 Covered Call & Growth ETF

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.