Short Interest in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Decreases By 37.8%

by · The Markets Daily

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 11,552 shares, a decrease of 37.8% from the August 15th total of 18,573 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 7,932 shares, the days-to-cover ratio is currently 1.5 days.

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

A hedge fund recently raised its position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC grew its holdings in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG – Free Report) by 377.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,763 shares of the company’s stock after purchasing an additional 40,139 shares during the quarter. Janney Montgomery Scott LLC owned about 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 as of its most recent filing with the SEC.

S&P 500 Covered Call & Growth ETF Stock Performance

Shares of XYLG traded up $0.03 during trading hours on Wednesday, hitting $29.36. 1,483 shares of the company were exchanged, compared to its average volume of 21,012. The company has a market cap of $88.07 million, a PE ratio of 25.30 and a beta of 0.75. The firm’s 50 day moving average is $29.29 and its 200-day moving average is $28.39. S&P 500 Covered Call & Growth ETF has a 52 week low of $25.63 and a 52 week high of $29.91.

About S&P 500 Covered Call & Growth ETF

(Get Free Report)

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.

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