Short Interest in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Declines By 35.9%

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,216 shares, a drop of 35.9% from the February 26th total of 1,897 shares. Based on an average trading volume of 1,611 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

Global X Information Technology Covered Call & Growth ETF Price Performance

NYSEARCA:TYLG opened at $33.30 on Monday. Global X Information Technology Covered Call & Growth ETF has a fifty-two week low of $25.58 and a fifty-two week high of $37.54. The stock’s 50-day moving average is $35.42 and its two-hundred day moving average is $35.92. The stock has a market cap of $10.32 million, a PE ratio of 36.82 and a beta of 0.92.

Global X Information Technology Covered Call & Growth ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were issued a dividend of $0.2993 per share. This is an increase from Global X Information Technology Covered Call & Growth ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date was Monday, February 23rd.

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.