Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Shares Shorted: Short Interest Up 239.8% in October

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 2,712 shares, a growth of 239.8% from the October 15th total of 798 shares. Based on an average daily volume of 3,124 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the company’s stock are short sold.

Global X Information Technology Covered Call & Growth ETF Trading Down 1.9%

TYLG stock traded down $0.74 on Friday, hitting $38.83. The company had a trading volume of 1,708 shares, compared to its average volume of 3,044. Global X Information Technology Covered Call & Growth ETF has a 12-month low of $32.61 and a 12-month high of $44.35. The stock has a market cap of $14.37 million, a price-to-earnings ratio of 29.13 and a beta of 1.02. The stock’s 50-day simple moving average is $42.02 and its 200 day simple moving average is $39.60.

About Global X Information Technology Covered Call & Growth ETF

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.