S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Sees Significant Growth in Short Interest

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 90,813 shares, an increase of 84.9% from the September 30th total of 49,116 shares. Based on an average daily trading volume, of 29,479 shares, the days-to-cover ratio is currently 3.1 days. Currently, 3.6% of the company’s shares are short sold.

S&P 500 Covered Call & Growth ETF Stock Down 1.7%

XYLG stock opened at $29.20 on Friday. S&P 500 Covered Call & Growth ETF has a twelve month low of $25.63 and a twelve month high of $30.04. The firm has a market cap of $72.71 million, a PE ratio of 25.30 and a beta of 0.75. The business has a 50 day moving average of $29.59 and a 200 day moving average of $28.49.

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

An institutional investor recently raised its position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC lifted its holdings in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 377.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,763 shares of the company’s stock after acquiring an additional 40,139 shares during the quarter. Janney Montgomery Scott LLC owned 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Company Profile

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.