Short Interest in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Drops By 62.6%

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 649 shares, a decrease of 62.6% from the July 15th total of 1,734 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,349 shares, the short-interest ratio is currently 0.2 days.

Global X Information Technology Covered Call & Growth ETF Price Performance

Global X Information Technology Covered Call & Growth ETF stock opened at $42.24 on Friday. The stock’s 50 day moving average is $41.13 and its 200 day moving average is $38.50. The firm has a market cap of $15.21 million, a P/E ratio of 36.82 and a beta of 1.01. Global X Information Technology Covered Call & Growth ETF has a one year low of $32.61 and a one year high of $43.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management acquired a new stake in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned about 2.76% of Global X Information Technology Covered Call & Growth ETF as of its most recent filing with the SEC.

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.