Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Short Interest Update

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,650,369 shares, a growth of 44.9% from the February 12th total of 1,138,732 shares. Based on an average daily volume of 1,023,742 shares, the short-interest ratio is currently 1.6 days. Currently, 2.1% of the company’s shares are sold short. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 1,023,742 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in Global X S&P 500 Covered Call ETF in the first quarter valued at $3,796,000. Bank of Montreal Can boosted its position in shares of Global X S&P 500 Covered Call ETF by 4.0% during the 2nd quarter. Bank of Montreal Can now owns 19,417 shares of the company’s stock worth $756,000 after purchasing an additional 750 shares in the last quarter. Allworth Financial LP boosted its position in shares of Global X S&P 500 Covered Call ETF by 10.0% during the 2nd quarter. Allworth Financial LP now owns 6,845 shares of the company’s stock worth $267,000 after purchasing an additional 623 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in shares of Global X S&P 500 Covered Call ETF by 3.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 26,315 shares of the company’s stock valued at $1,025,000 after buying an additional 761 shares during the period. Finally, Cetera Investment Advisers increased its position in Global X S&P 500 Covered Call ETF by 5.5% in the 2nd quarter. Cetera Investment Advisers now owns 340,230 shares of the company’s stock valued at $13,249,000 after buying an additional 17,857 shares in the last quarter.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of XYLD stock opened at $39.79 on Monday. Global X S&P 500 Covered Call ETF has a fifty-two week low of $34.53 and a fifty-two week high of $41.10. The stock has a 50 day simple moving average of $40.70 and a two-hundred day simple moving average of $40.13. The company has a market cap of $3.10 billion, a P/E ratio of 25.32 and a beta of 0.53.

Global X S&P 500 Covered Call ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were paid a $0.3412 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 10.3%.

Global X S&P 500 Covered Call ETF Company Profile

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.