S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Stock Short Interest Drops 52.9%

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 49,116 shares, a decline of 52.9% from the September 15th total of 104,389 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 28,217 shares, the days-to-cover ratio is presently 1.7 days.

S&P 500 Covered Call & Growth ETF Stock Down 0.7%

Shares of NYSEARCA:XYLG traded down $0.20 during midday trading on Wednesday, reaching $29.76. The company’s stock had a trading volume of 12,386 shares, compared to its average volume of 22,025. S&P 500 Covered Call & Growth ETF has a 1 year low of $25.63 and a 1 year high of $30.04. The business has a 50 day moving average price of $29.60 and a 200 day moving average price of $28.77. The firm has a market cap of $72.02 million, a price-to-earnings 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 raised its stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC lifted its holdings in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 377.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,763 shares of the company’s stock after acquiring an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned approximately 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent SEC filing.

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.