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

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 395 shares, a decline of 93.5% from the December 31st total of 6,071 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 36,544 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 36,544 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Global X S&P 500 Risk Managed Income ETF Stock Performance

XRMI traded up $0.05 during trading on Wednesday, reaching $17.91. The company had a trading volume of 12,948 shares, compared to its average volume of 29,092. The firm’s 50-day simple moving average is $17.90 and its 200 day simple moving average is $17.80. The company has a market cap of $41.91 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a 12-month low of $17.38 and a 12-month high of $19.63.

Global X S&P 500 Risk Managed Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.1837 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new stake in Global X S&P 500 Risk Managed Income ETF in the 3rd quarter worth approximately $91,000. Osaic Holdings Inc. grew its stake in Global X S&P 500 Risk Managed Income ETF by 53.1% in the second quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock valued at $230,000 after purchasing an additional 4,470 shares in the last quarter. Truist Financial Corp acquired a new position in Global X S&P 500 Risk Managed Income ETF in the 3rd quarter worth about $250,000. Brookwood Investment Group LLC increased its holdings in Global X S&P 500 Risk Managed Income ETF by 53.9% in the second quarter. Brookwood Investment Group LLC now owns 23,018 shares of the company’s stock worth $412,000 after buying an additional 8,065 shares during the last quarter. Finally, Tactive Advisors LLC acquired a new stake in Global X S&P 500 Risk Managed Income ETF in the second quarter valued at approximately $456,000.

About Global X S&P 500 Risk Managed Income ETF

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.