Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Stock Short Interest Declines 67.7%

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,885 shares, a decline of 67.7% from the September 30th total of 24,375 shares. Based on an average trading volume of 41,529 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Roundhill S&P 500 Target 20 Managed Distribution ETF Trading Down 0.3%

NYSEARCA:XPAY traded down $0.17 on Thursday, hitting $51.41. The stock had a trading volume of 25,494 shares, compared to its average volume of 63,475. The business’s 50-day simple moving average is $52.24 and its two-hundred day simple moving average is $52.54. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 52-week low of $47.35 and a 52-week high of $56.51.

Institutional Trading of Roundhill S&P 500 Target 20 Managed Distribution ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XPAY. Centaurus Financial Inc. bought a new stake in Roundhill S&P 500 Target 20 Managed Distribution ETF during the first quarter valued at about $2,551,000. Tactive Advisors LLC bought a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the third quarter worth about $870,000. Citadel Advisors LLC bought a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the second quarter worth about $338,000. Latitude Advisors LLC purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter worth about $93,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the second quarter worth about $80,000.

Roundhill S&P 500 Target 20 Managed Distribution ETF Company Profile

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.