S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Down 48.5% in May

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 12,971 shares, a decline of 48.5% from the April 30th total of 25,193 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 17,426 shares, the short-interest ratio is currently 0.7 days.

S&P 500 Covered Call & Growth ETF Price Performance

XYLG stock traded up $0.01 during trading on Monday, reaching $29.04. 21,531 shares of the stock traded hands, compared to its average volume of 24,016. The business’s 50 day moving average price is $27.64 and its 200-day moving average price is $28.04. S&P 500 Covered Call & Growth ETF has a 52-week low of $25.63 and a 52-week high of $29.91. The firm has a market capitalization of $66.21 million, a PE ratio of 25.30 and a beta of 0.75.

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

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC purchased a new stake in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned 0.45% of S&P 500 Covered Call & Growth ETF at the end of the most recent quarter.

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.