Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Drops By 42.8%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 541 shares, a drop of 42.8% from the December 15th total of 945 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,228 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 5,228 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call & Growth ETF

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management grew its position in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,754 shares of the company’s stock after acquiring an additional 1,079 shares during the quarter. Triumph Capital Management owned 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Global X Russell 2000 Covered Call & Growth ETF Trading Up 0.4%

Shares of NYSEARCA:RYLG traded up $0.10 during midday trading on Thursday, reaching $23.27. 1,791 shares of the company were exchanged, compared to its average volume of 3,799. The stock has a market cap of $8.38 million, a PE ratio of 16.05 and a beta of 0.89. The business’s fifty day moving average is $22.81 and its two-hundred day moving average is $22.40. Global X Russell 2000 Covered Call & Growth ETF has a one year low of $17.93 and a one year high of $23.51.

Global X Russell 2000 Covered Call & Growth ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a $0.6709 dividend. This is an increase from Global X Russell 2000 Covered Call & Growth ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 34.6%. The ex-dividend date was Tuesday, December 30th.

About Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.