Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Short Interest Update

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 541 shares, a decrease of 42.8% from the December 15th total of 945 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,228 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 5,228 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

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

RYLG stock traded up $0.10 during midday trading on Thursday, hitting $23.27. The company’s stock had a trading volume of 1,791 shares, compared to its average volume of 3,799. The firm’s 50-day moving average is $22.81 and its 200-day moving average is $22.40. Global X Russell 2000 Covered Call & Growth ETF has a 12 month low of $17.93 and a 12 month high of $23.51. The company has a market cap of $8.38 million, a PE ratio of 16.05 and a beta of 0.89.

Global X Russell 2000 Covered Call & Growth ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.6709 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This is an increase from Global X Russell 2000 Covered Call & Growth ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 34.6%.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call & Growth ETF

A hedge fund recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Triumph Capital Management raised its holdings in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,754 shares of the company’s stock after buying an additional 1,079 shares during the period. Triumph Capital Management owned about 5.93% of Global X Russell 2000 Covered Call & Growth ETF worth $468,000 at the end of the most recent quarter.

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.