S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Down 37.8% in August

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 11,552 shares, a decline of 37.8% from the August 15th total of 18,573 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 7,932 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC raised its holdings in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 377.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,763 shares of the company’s stock after purchasing an additional 40,139 shares during the quarter. Janney Montgomery Scott LLC owned approximately 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Price Performance

Shares of S&P 500 Covered Call & Growth ETF stock traded up $0.03 during midday trading on Wednesday, hitting $29.36. The company had a trading volume of 1,483 shares, compared to its average volume of 21,012. The business’s 50 day simple moving average is $29.29 and its two-hundred day simple moving average is $28.39. The stock has a market cap of $88.07 million, a PE ratio of 25.30 and a beta of 0.75. S&P 500 Covered Call & Growth ETF has a 1-year low of $25.63 and a 1-year high of $29.91.

S&P 500 Covered Call & Growth ETF Company Profile

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.