Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Sees Significant Growth in Short Interest

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,734 shares, a growth of 430.3% from the June 30th total of 327 shares. Based on an average trading volume of 2,931 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X Information Technology Covered Call & Growth ETF

An institutional investor recently bought a new position in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management bought a new stake in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned 2.76% of Global X Information Technology Covered Call & Growth ETF at the end of the most recent quarter.

Global X Information Technology Covered Call & Growth ETF Price Performance

TYLG opened at $39.65 on Monday. Global X Information Technology Covered Call & Growth ETF has a twelve month low of $32.61 and a twelve month high of $43.43. The firm has a 50 day moving average price of $41.38 and a 200-day moving average price of $38.09. The stock has a market capitalization of $14.27 million, a price-to-earnings ratio of 36.82 and a beta of 0.99.

About Global X Information Technology Covered Call & Growth ETF

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.