Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Increases By 48.7%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 5,343 shares, a growth of 48.7% from the February 12th total of 3,593 shares. Based on an average trading volume of 1,876 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.5% of the company’s stock are sold short. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 1,876 shares, the days-to-cover ratio is presently 2.8 days.

Global X Russell 2000 Covered Call & Growth ETF Trading Down 0.4%

RYLG opened at $21.84 on Monday. The firm has a market cap of $7.64 million, a price-to-earnings ratio of 16.05 and a beta of 0.89. Global X Russell 2000 Covered Call & Growth ETF has a 12 month low of $17.93 and a 12 month high of $23.49. The stock has a fifty day moving average price of $22.97 and a 200-day moving average price of $22.81.

Global X Russell 2000 Covered Call & Growth ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were issued a $0.1369 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Institutional Trading of Global X Russell 2000 Covered Call & Growth ETF

An institutional investor recently raised its position in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC lifted its holdings in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,057 shares of the company’s stock after purchasing an additional 1,467 shares during the quarter. Farther Finance Advisors LLC owned about 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 as of its most recent SEC filing.

About Global X Russell 2000 Covered Call & Growth ETF

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) is an exchange-traded fund that is based on the Cboe Russell 2000 Half BuyWrite index. The fund tracks an index that holds Russell 2000 stocks and sells one-month, at-the-money call options on up to 50% of value of the portfolio. RYLG was launched on Oct 4, 2022 and is managed by Global X.