Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 31,340 shares, an increase of 57.2% from the August 15th total of 19,936 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 10,126 shares, the short-interest ratio is presently 3.1 days.
Global X S&P 500 Risk Managed Income ETF Stock Up 1.2%
NYSEARCA XRMI traded up $0.21 on Thursday, reaching $17.40. The company had a trading volume of 10,799 shares, compared to its average volume of 19,856. Global X S&P 500 Risk Managed Income ETF has a 52 week low of $16.73 and a 52 week high of $18.08. The stock has a market cap of $69.58 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. The stock’s 50 day moving average is $17.32 and its 200-day moving average is $17.26.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the second quarter worth about $207,000. Tactive Advisors LLC raised its position in Global X S&P 500 Risk Managed Income ETF by 20.3% in the 1st quarter. Tactive Advisors LLC now owns 31,894 shares of the company’s stock valued at $539,000 after buying an additional 5,379 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% in the first quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock valued at $3,190,000 after acquiring an additional 37,678 shares in the last quarter.
Global X S&P 500 Risk Managed Income ETF Company Profile
The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.
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