Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Sees Significant Growth in Short Interest

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,705 shares, an increase of 224.7% from the June 15th total of 833 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 2,461 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call & Growth ETF

A hedge fund recently raised its position in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management lifted its position in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,754 shares of the company’s stock after buying an additional 1,079 shares during the period. Triumph Capital Management owned approximately 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Global X Russell 2000 Covered Call & Growth ETF Stock Up 0.3%

RYLG opened at $24.54 on Wednesday. The firm has a 50 day moving average price of $24.16 and a 200-day moving average price of $23.25. Global X Russell 2000 Covered Call & Growth ETF has a twelve month low of $20.79 and a twelve month high of $24.86. The stock has a market capitalization of $8.34 million, a price-to-earnings ratio of 16.05 and a beta of 0.84.

Global X Russell 2000 Covered Call & Growth ETF Company Profile

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.