Short Interest in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Drops By 87.8%

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 10,114 shares, a decline of 87.8% from the January 15th total of 83,222 shares. Based on an average daily trading volume, of 38,785 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 38,785 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On S&P 500 Covered Call & Growth ETF

An institutional investor recently raised its position in S&P 500 Covered Call & Growth ETF stock. Private Trust Co. NA raised its stake in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 100.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,000 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Private Trust Co. NA owned 0.05% of S&P 500 Covered Call & Growth ETF worth $28,000 as of its most recent filing with the SEC.

S&P 500 Covered Call & Growth ETF Price Performance

NYSEARCA:XYLG traded down $0.03 during midday trading on Wednesday, reaching $27.78. The stock had a trading volume of 5,089 shares, compared to its average volume of 35,162. S&P 500 Covered Call & Growth ETF has a 1-year low of $23.07 and a 1-year high of $29.91. The firm’s fifty day simple moving average is $28.42 and its 200-day simple moving average is $28.60. The stock has a market capitalization of $65.85 million, a P/E ratio of 25.30 and a beta of 0.78.

S&P 500 Covered Call & Growth ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.1213 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Tuesday, January 20th.

About S&P 500 Covered Call & Growth ETF

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.