Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Sees Significant Decline in Short Interest

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,897 shares, a drop of 31.0% from the February 12th total of 2,749 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 2,789 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 2,789 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the shares of the company are sold short.

Global X Information Technology Covered Call & Growth ETF Stock Down 0.5%

Shares of NYSEARCA:TYLG traded down $0.19 during trading on Friday, hitting $34.72. 619 shares of the stock traded hands, compared to its average volume of 1,821. The company has a fifty day moving average price of $35.81 and a two-hundred day moving average price of $35.85. Global X Information Technology Covered Call & Growth ETF has a 52-week low of $25.58 and a 52-week high of $37.54. The company has a market cap of $10.76 million, a price-to-earnings ratio of 36.82 and a beta of 0.92.

Global X Information Technology Covered Call & Growth ETF Increases Dividend

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

Institutional Trading of Global X Information Technology Covered Call & Growth ETF

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

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.