Short Interest in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Drops By 14.4%

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 441 shares, a drop of 14.4% from the December 31st total of 515 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,017 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 1,017 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

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

NYSEARCA:TYLG opened at $35.75 on Wednesday. Global X Information Technology Covered Call & Growth ETF has a 1 year low of $25.58 and a 1 year high of $37.54. The stock has a market cap of $11.08 million, a price-to-earnings ratio of 36.82 and a beta of 0.92. The stock has a 50-day moving average price of $36.39 and a two-hundred day moving average price of $35.62.

Global X Information Technology Covered Call & Growth ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a $0.2914 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 9.8%. This is a boost from Global X Information Technology Covered Call & Growth ETF’s previous monthly dividend of $0.21.

Institutional Trading of Global X Information Technology Covered Call & Growth ETF

An institutional investor recently bought a new position in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management purchased a new stake in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned about 2.76% of Global X Information Technology Covered Call & Growth ETF at the end of the most recent quarter.

Global X Information Technology Covered Call & Growth ETF Company Profile

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.