Short Interest in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Declines By 27.2%

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,061,468 shares, a decrease of 27.2% from the December 15th total of 1,458,998 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 810,520 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 810,520 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.4% of the shares of the stock are sold short.

Global X S&P 500 Covered Call ETF Stock Down 0.3%

Shares of Global X S&P 500 Covered Call ETF stock traded down $0.11 during trading on Friday, hitting $40.91. 738,072 shares of the stock traded hands, compared to its average volume of 759,215. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 25.32 and a beta of 0.53. The firm’s fifty day moving average is $40.48 and its 200-day moving average is $39.65. Global X S&P 500 Covered Call ETF has a 52 week low of $34.53 and a 52 week high of $42.92.

Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF

Large investors have recently modified their holdings of the stock. MGB Wealth Management LLC bought a new stake in Global X S&P 500 Covered Call ETF during the 2nd quarter valued at approximately $26,000. GHP Investment Advisors Inc. purchased a new position in Global X S&P 500 Covered Call ETF during the second quarter valued at $34,000. Activest Wealth Management purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter worth about $39,000. Measured Wealth Private Client Group LLC bought a new position in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter worth about $52,000. Finally, Farther Finance Advisors LLC purchased a new position in Global X S&P 500 Covered Call ETF during the 3rd quarter valued at 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.