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

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 32,321 shares, a decline of 17.0% from the March 31st total of 38,953 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 16,741 shares, the days-to-cover ratio is presently 1.9 days.

S&P 500 Covered Call & Growth ETF Trading Up 0.5%

Shares of NYSEARCA XYLG traded up $0.13 during trading hours on Friday, hitting $28.21. 30,614 shares of the company traded hands, compared to its average volume of 25,462. The stock has a market capitalization of $64.32 million, a price-to-earnings ratio of 25.30 and a beta of 0.75. The company’s 50 day moving average price is $27.15 and its 200 day moving average price is $28.13. S&P 500 Covered Call & Growth ETF has a 12 month low of $25.63 and a 12 month high of $29.91.

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

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC bought a new position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.