S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Update

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 72,856 shares, a growth of 111.3% from the December 15th total of 34,488 shares. Based on an average trading volume of 44,544 shares, the days-to-cover ratio is presently 1.6 days. Currently, 3.2% of the shares of the company are sold short. Currently, 3.2% of the shares of the company are sold short. Based on an average trading volume of 44,544 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in S&P 500 Covered Call & Growth ETF stock. Farther Finance Advisors LLC boosted its holdings in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 17.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,319 shares of the company’s stock after buying an additional 2,168 shares during the period. Farther Finance Advisors LLC owned about 0.75% of S&P 500 Covered Call & Growth ETF worth $394,000 as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Trading Down 0.5%

XYLG stock traded down $0.13 during trading on Wednesday, reaching $27.74. 21,503 shares of the stock were exchanged, compared to its average volume of 48,311. S&P 500 Covered Call & Growth ETF has a twelve month low of $23.07 and a twelve month high of $29.91. The company has a market capitalization of $63.52 million, a P/E ratio of 25.30 and a beta of 0.78. The stock has a 50 day simple moving average of $29.00 and a 200-day simple moving average of $28.61.

S&P 500 Covered Call & Growth ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a dividend of $2.1406 per share. This represents a c) annualized dividend and a dividend yield of 92.6%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a boost from S&P 500 Covered Call & Growth ETF’s previous monthly dividend of $0.12.

S&P 500 Covered Call & Growth ETF Company Profile

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.