Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Significant Decrease in Short Interest

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,205,882 shares, a drop of 26.9% from the February 26th total of 1,650,369 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average trading volume of 2,189,175 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Global X S&P 500 Covered Call ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Apella Capital LLC purchased a new stake in Global X S&P 500 Covered Call ETF during the third quarter valued at $527,000. APS Management Group Inc. purchased a new position in Global X S&P 500 Covered Call ETF in the third quarter worth about $1,125,000. Sims Investment Management LLC boosted its position in Global X S&P 500 Covered Call ETF by 12.5% in the third quarter. Sims Investment Management LLC now owns 406,616 shares of the company’s stock worth $15,964,000 after purchasing an additional 45,057 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Global X S&P 500 Covered Call ETF by 22.1% during the 2nd quarter. Osaic Holdings Inc. now owns 732,266 shares of the company’s stock valued at $28,515,000 after purchasing an additional 132,573 shares during the period. Finally, Global X Japan Co. Ltd. grew its stake in shares of Global X S&P 500 Covered Call ETF by 17.8% during the 3rd quarter. Global X Japan Co. Ltd. now owns 990,048 shares of the company’s stock valued at $38,869,000 after purchasing an additional 149,287 shares during the period.

Global X S&P 500 Covered Call ETF Price Performance

XYLD opened at $38.36 on Tuesday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 25.32 and a beta of 0.53. The firm has a 50 day moving average price of $40.33 and a 200-day moving average price of $40.15. Global X S&P 500 Covered Call ETF has a twelve month low of $34.53 and a twelve month high of $41.10.

Global X S&P 500 Covered Call ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a $0.3412 dividend. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend was Monday, February 23rd.

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.