Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Sees Large Decline in Short Interest

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 6,226 shares, a decrease of 70.2% from the April 30th total of 20,871 shares. Based on an average daily trading volume, of 12,098 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF

A number of hedge funds have recently made changes to their positions in XRMI. Cetera Investment Advisers increased its position in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% during the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after purchasing an additional 37,678 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the 1st quarter worth about $459,000. Brookwood Investment Group LLC increased its position in shares of Global X S&P 500 Risk Managed Income ETF by 49.3% during the 4th quarter. Brookwood Investment Group LLC now owns 60,553 shares of the company’s stock worth $1,082,000 after purchasing an additional 19,988 shares in the last quarter. LPL Financial LLC increased its position in shares of Global X S&P 500 Risk Managed Income ETF by 6.9% during the 4th quarter. LPL Financial LLC now owns 256,731 shares of the company’s stock worth $4,588,000 after purchasing an additional 16,466 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the 3rd quarter worth about $250,000.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.2%

Shares of Global X S&P 500 Risk Managed Income ETF stock opened at $17.26 on Friday. The stock has a market capitalization of $49.02 million, a P/E ratio of 25.29 and a beta of 0.35. The company has a 50-day simple moving average of $17.13 and a 200 day simple moving average of $17.59. Global X S&P 500 Risk Managed Income ETF has a 12-month low of $16.73 and a 12-month high of $18.08.

Global X S&P 500 Risk Managed Income ETF Company Profile

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.