S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Up 87.3% in June

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 28,118 shares, an increase of 87.3% from the May 31st total of 15,016 shares. Based on an average daily volume of 20,167 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.2% of the company’s stock are short sold.

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

An institutional investor recently bought a new position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC bought a new stake in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Price Performance

Shares of NYSEARCA:XYLG traded down $0.02 during trading on Wednesday, hitting $28.81. 7,168 shares of the company were exchanged, compared to its average volume of 23,663. The firm’s 50 day moving average price is $28.51 and its 200-day moving average price is $27.95. S&P 500 Covered Call & Growth ETF has a 12-month low of $25.63 and a 12-month high of $29.91. The stock has a market capitalization of $65.69 million, a P/E ratio of 25.30 and a beta of 0.75.

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.