S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Update

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 30,496 shares, a growth of 201.5% from the January 29th total of 10,114 shares. Based on an average daily volume of 16,971 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.3% of the company’s stock are short sold. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 16,971 shares, the days-to-cover ratio is currently 1.8 days.

S&P 500 Covered Call & Growth ETF Stock Down 0.5%

S&P 500 Covered Call & Growth ETF stock traded down $0.13 during trading hours on Thursday, hitting $27.63. The stock had a trading volume of 7,957 shares, compared to its average volume of 28,934. The stock’s 50-day moving average price is $27.98 and its 200-day moving average price is $28.57. The stock has a market capitalization of $65.47 million, a P/E ratio of 25.30 and a beta of 0.78. S&P 500 Covered Call & Growth ETF has a 12-month low of $23.07 and a 12-month high of $29.91.

S&P 500 Covered Call & Growth ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Monday, February 23rd will be given a $0.1143 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.0%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC purchased a new stake in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 reporting period.

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.