S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Down 42.5% in December

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 34,488 shares, a decline of 42.5% from the November 30th total of 59,975 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 42,472 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 42,472 shares, the short-interest ratio is currently 0.8 days. Approximately 1.8% of the shares of the company are sold short.

S&P 500 Covered Call & Growth ETF Stock Performance

S&P 500 Covered Call & Growth ETF stock traded up $0.01 during mid-day trading on Friday, reaching $29.79. 50,986 shares of the company were exchanged, compared to its average volume of 24,805. The firm’s 50-day simple moving average is $29.36 and its two-hundred day simple moving average is $28.55. S&P 500 Covered Call & Growth ETF has a twelve month low of $23.07 and a twelve month high of $33.54. The firm has a market cap of $55.71 million, a PE ratio of 25.30 and a beta of 0.78.

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. Private Trust Co. NA raised its position in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 100.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,000 shares of the company’s stock after buying an additional 500 shares during the quarter. Private Trust Co. NA owned about 0.05% of S&P 500 Covered Call & Growth ETF worth $28,000 as of its most recent filing with the SEC.

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.