S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Sees Large Growth in Short Interest

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 104,389 shares, a growth of 803.6% from the August 31st total of 11,552 shares. Based on an average daily volume of 24,957 shares, the short-interest ratio is currently 4.2 days. Approximately 4.7% of the shares of the company are sold short.

S&P 500 Covered Call & Growth ETF Trading Up 0.0%

NYSEARCA XYLG traded up $0.01 on Thursday, hitting $29.63. 9,079 shares of the company traded hands, compared to its average volume of 21,661. The company has a market capitalization of $65.48 million, a price-to-earnings ratio of 25.30 and a beta of 0.75. The business’s 50 day moving average price is $29.37 and its 200-day moving average price is $28.49. S&P 500 Covered Call & Growth ETF has a 52-week low of $25.63 and a 52-week high of $29.91.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC increased its position in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 377.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,763 shares of the company’s stock after buying an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 at the end of the most recent quarter.

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.