Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Sees Significant Decline in Short Interest

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 2,258,701 shares, a drop of 15.4% from the February 26th total of 2,669,311 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 965,818 shares, the days-to-cover ratio is currently 2.3 days.

Global X Russell 2000 Covered Call ETF Stock Down 0.5%

NYSEARCA:RYLD opened at $14.64 on Tuesday. Global X Russell 2000 Covered Call ETF has a twelve month low of $13.16 and a twelve month high of $16.02. The company has a fifty day moving average of $15.44 and a 200-day moving average of $15.37. The firm has a market capitalization of $1.24 billion, a P/E ratio of 15.90 and a beta of 0.59.

Global X Russell 2000 Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were issued a $0.1584 dividend. The ex-dividend date was Monday, February 23rd. This is a positive change from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 13.0%.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call ETF

Several institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its stake in shares of Global X Russell 2000 Covered Call ETF by 23.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,449 shares of the company’s stock valued at $53,000 after buying an additional 649 shares during the period. Perennial Investment Advisors LLC raised its stake in Global X Russell 2000 Covered Call ETF by 3.4% during the 3rd quarter. Perennial Investment Advisors LLC now owns 20,714 shares of the company’s stock worth $312,000 after buying an additional 675 shares during the period. WealthShield Partners LLC raised its stake in Global X Russell 2000 Covered Call ETF by 8.0% during the 3rd quarter. WealthShield Partners LLC now owns 10,695 shares of the company’s stock worth $161,000 after buying an additional 794 shares during the period. Sigma Planning Corp boosted its holdings in Global X Russell 2000 Covered Call ETF by 3.2% in the fourth quarter. Sigma Planning Corp now owns 26,235 shares of the company’s stock worth $401,000 after acquiring an additional 825 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Global X Russell 2000 Covered Call ETF by 8.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 12,284 shares of the company’s stock worth $185,000 after acquiring an additional 956 shares in the last quarter.

Global X Russell 2000 Covered Call ETF Company Profile

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.