Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Sees Large Growth in Short Interest

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 19,970 shares, an increase of 498.4% from the July 15th total of 3,337 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 34,633 shares, the days-to-cover ratio is presently 0.6 days.

Roundhill S&P 500 Target 20 Managed Distribution ETF Price Performance

NYSEARCA:XPAY opened at $53.72 on Friday. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 1-year low of $47.35 and a 1-year high of $56.51. The firm has a fifty day simple moving average of $53.03 and a 200 day simple moving average of $52.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock valued at $65,000 after purchasing an additional 980 shares during the period. Citadel Advisors LLC acquired a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter worth approximately $316,000. Jane Street Group LLC increased its position in Roundhill S&P 500 Target 20 Managed Distribution ETF by 189.3% during the first quarter. Jane Street Group LLC now owns 11,127 shares of the company’s stock worth $576,000 after buying an additional 7,281 shares during the last quarter. Wolverine Trading LLC bought a new stake in Roundhill S&P 500 Target 20 Managed Distribution ETF in the third quarter valued at approximately $1,847,000. Finally, Centaurus Financial Inc. bought a new stake in Roundhill S&P 500 Target 20 Managed Distribution ETF in the first quarter valued at approximately $2,551,000.

About Roundhill S&P 500 Target 20 Managed Distribution ETF

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.