Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 17,550 shares, a drop of 53.9% from the August 15th total of 38,110 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 33,733 shares, the days-to-cover ratio is currently 0.5 days.
Roundhill S&P 500 Target 20 Managed Distribution ETF Price Performance
Shares of XPAY traded down $0.27 during trading hours on Wednesday, hitting $51.15. The company’s stock had a trading volume of 44,364 shares, compared to its average volume of 68,452. The business has a 50 day simple moving average of $52.86 and a two-hundred day simple moving average of $52.47. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 52-week low of $47.35 and a 52-week high of $56.51.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of XPAY. Integrated Wealth Concepts LLC purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the second quarter worth $80,000. Citadel Advisors LLC purchased a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the second quarter valued at $338,000. Centaurus Financial Inc. bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the 1st quarter valued at $2,551,000. Finally, Geneos Wealth Management Inc. boosted its stake in 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 worth $65,000 after purchasing an additional 980 shares during the period.
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.
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