Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Short Interest Up 90.8% in August

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 38,110 shares, an increase of 90.8% from the July 30th total of 19,970 shares. Based on an average daily volume of 67,393 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XPAY. Centaurus Financial Inc. bought a new stake in Roundhill S&P 500 Target 20 Managed Distribution ETF during the first quarter valued at $2,551,000. Wolverine Trading LLC purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the 3rd quarter valued at about $1,847,000. Jane Street Group LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the 4th quarter valued at about $721,000. Citadel Advisors LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the 3rd quarter valued at about $316,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock worth $65,000 after purchasing an additional 980 shares in the last quarter.

Roundhill S&P 500 Target 20 Managed Distribution ETF Trading Down 0.3%

Shares of XPAY opened at $53.01 on Tuesday. Roundhill S&P 500 Target 20 Managed Distribution ETF has a twelve month low of $47.35 and a twelve month high of $56.51. The business’s 50-day moving average price is $52.99 and its 200-day moving average price is $52.46.

Roundhill S&P 500 Target 20 Managed Distribution ETF Company Profile

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.