Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Decreases By 19.0%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,593 shares, a drop of 19.0% from the January 29th total of 4,438 shares. Based on an average trading volume of 3,085 shares, the short-interest ratio is currently 1.2 days. Approximately 1.0% of the shares of the stock are sold short. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 3,085 shares, the short-interest ratio is currently 1.2 days.

Global X Russell 2000 Covered Call & Growth ETF Stock Down 1.5%

Shares of NYSEARCA:RYLG traded down $0.34 during trading on Tuesday, reaching $22.85. 2,688 shares of the company traded hands, compared to its average volume of 2,927. The firm has a market capitalization of $8.00 million, a PE ratio of 16.05 and a beta of 0.89. Global X Russell 2000 Covered Call & Growth ETF has a 52 week low of $17.93 and a 52 week high of $23.49. The company’s 50 day moving average is $23.02 and its two-hundred day moving average is $22.79.

Global X Russell 2000 Covered Call & Growth ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a $0.1369 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date was Monday, February 23rd.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call & Growth ETF

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC boosted its holdings in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,057 shares of the company’s stock after buying an additional 1,467 shares during the period. Farther Finance Advisors LLC owned approximately 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 as of its most recent SEC filing.

About Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.