Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Short Interest Update

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,749 shares, a growth of 111.1% from the January 29th total of 1,302 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 1,981 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 1,981 shares, the short-interest ratio is presently 1.4 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management purchased a new stake in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned about 2.76% of Global X Information Technology Covered Call & Growth ETF at the end of the most recent reporting period.

Global X Information Technology Covered Call & Growth ETF Stock Performance

Shares of NYSEARCA TYLG traded down $0.41 during midday trading on Friday, hitting $34.98. The company’s stock had a trading volume of 3,904 shares, compared to its average volume of 1,890. The firm’s fifty day moving average price is $36.10 and its 200-day moving average price is $35.79. The firm has a market cap of $10.84 million, a P/E ratio of 36.82 and a beta of 0.92. Global X Information Technology Covered Call & Growth ETF has a 1-year low of $25.58 and a 1-year high of $37.54.

Global X Information Technology Covered Call & Growth ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were issued a dividend of $0.2993 per share. This is a positive change from Global X Information Technology Covered Call & Growth ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date was Monday, February 23rd.

About Global X Information Technology Covered Call & Growth ETF

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.