Short Interest in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Rises By 13.3%

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 1,254,592 shares, an increase of 13.3% from the March 31st total of 1,106,947 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 864,845 shares, the days-to-cover ratio is currently 1.5 days.

Global X S&P 500 Covered Call ETF Trading Up 0.5%

Global X S&P 500 Covered Call ETF stock opened at $40.28 on Friday. Global X S&P 500 Covered Call ETF has a 12 month low of $37.57 and a 12 month high of $41.10. The stock’s 50 day simple moving average is $39.94 and its two-hundred day simple moving average is $40.22. The firm has a market cap of $3.10 billion, a PE ratio of 25.32 and a beta of 0.50.

Institutional Trading of Global X S&P 500 Covered Call ETF

A number of hedge funds have recently added to or reduced their stakes in XYLD. MGB Wealth Management LLC acquired a new stake in Global X S&P 500 Covered Call ETF during the second quarter valued at $26,000. Activest Wealth Management acquired a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter worth about $39,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Global X S&P 500 Covered Call ETF in the first quarter worth about $49,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter worth about $52,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter worth about $58,000.

Global X S&P 500 Covered Call ETF Company Profile

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.