Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Short Interest Down 43.7% in April

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,361 shares, a decline of 43.7% from the April 15th total of 2,418 shares. Based on an average daily trading volume, of 4,383 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

Global X Russell 2000 Covered Call & Growth ETF Stock Down 1.2%

RYLG traded down $0.28 during trading on Monday, hitting $23.22. The company’s stock had a trading volume of 2,590 shares, compared to its average volume of 2,675. Global X Russell 2000 Covered Call & Growth ETF has a twelve month low of $19.97 and a twelve month high of $23.94. The stock’s fifty day moving average price is $22.68 and its 200-day moving average price is $22.84. The firm has a market capitalization of $7.89 million, a P/E ratio of 16.05 and a beta of 0.86.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call & Growth ETF

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC lifted its position in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,057 shares of the company’s stock after purchasing an additional 1,467 shares during the quarter. Farther Finance Advisors LLC owned 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 at the end of the most recent reporting period.

About Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.