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

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,837 shares, an increase of 530.4% from the August 15th total of 450 shares. Based on an average daily volume of 5,975 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the shares of the company are sold short.

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

An institutional investor recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management acquired a new stake in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 as of its most recent filing with the SEC.

Global X Information Technology Covered Call & Growth ETF Stock Performance

TYLG stock opened at $41.79 on Friday. Global X Information Technology Covered Call & Growth ETF has a one year low of $32.61 and a one year high of $43.43. The firm has a market cap of $15.04 million, a PE ratio of 36.82 and a beta of 1.02. The firm’s fifty day moving average is $41.13 and its 200 day moving average is $39.33.

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.