Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Update

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 95,784 shares, an increase of 205.6% from the August 31st total of 31,340 shares. Based on an average trading volume of 84,741 shares, the days-to-cover ratio is currently 1.1 days. Approximately 2.8% of the company’s shares are short sold.

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

Shares of XRMI stock traded up $0.02 during trading hours on Friday, reaching $17.28. The company had a trading volume of 5,589 shares, compared to its average volume of 19,873. Global X S&P 500 Risk Managed Income ETF has a 1-year low of $16.73 and a 1-year high of $18.08. The firm has a market cap of $59.44 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. The company has a 50 day moving average of $17.31 and a 200 day moving average of $17.24.

Hedge Funds Weigh In On Global X S&P 500 Risk Managed Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in Global X S&P 500 Risk Managed Income ETF during the 2nd quarter worth approximately $207,000. Tactive Advisors LLC grew its position in shares of Global X S&P 500 Risk Managed Income ETF by 20.3% in the 1st quarter. Tactive Advisors LLC now owns 31,894 shares of the company’s stock valued at $539,000 after acquiring an additional 5,379 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Global X S&P 500 Risk Managed Income ETF by 21.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock valued at $3,057,000 after acquiring an additional 31,462 shares during the period. Finally, Cetera Investment Advisers increased its stake 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 during the last quarter.

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.