S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Up 111.3% in December

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 72,856 shares, an increase of 111.3% from the December 15th total of 34,488 shares. Based on an average daily trading volume, of 44,544 shares, the short-interest ratio is currently 1.6 days. Currently, 3.2% of the shares of the stock are short sold. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,544 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of S&P 500 Covered Call & Growth ETF

A hedge fund recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Farther Finance Advisors LLC increased its position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,319 shares of the company’s stock after acquiring an additional 2,168 shares during the period. Farther Finance Advisors LLC owned about 0.75% of S&P 500 Covered Call & Growth ETF worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

S&P 500 Covered Call & Growth ETF Stock Performance

NYSEARCA:XYLG opened at $27.80 on Friday. The company has a market cap of $63.66 million, a price-to-earnings ratio of 25.30 and a beta of 0.78. S&P 500 Covered Call & Growth ETF has a fifty-two week low of $23.07 and a fifty-two week high of $29.91. The stock has a fifty day moving average price of $28.97 and a 200-day moving average price of $28.60.

S&P 500 Covered Call & Growth ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a dividend of $2.1406 per share. The ex-dividend date was Tuesday, December 30th. This is a positive change from S&P 500 Covered Call & Growth ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a yield of 92.4%.

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.