Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Short Interest Update

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 6,071 shares, a drop of 37.9% from the December 15th total of 9,783 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 13,390 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 13,390 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.2%

Shares of XRMI stock traded up $0.03 during mid-day trading on Friday, reaching $18.03. 33,111 shares of the company’s stock traded hands, compared to its average volume of 36,183. The company’s 50-day moving average price is $17.89 and its 200-day moving average price is $17.80. The company has a market cap of $43.99 million, a P/E ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a 12 month low of $17.38 and a 12 month high of $19.63.

Institutional Trading of Global X S&P 500 Risk Managed Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new stake in Global X S&P 500 Risk Managed Income ETF in the third quarter worth $91,000. Osaic Holdings Inc. increased its stake in Global X S&P 500 Risk Managed Income ETF by 53.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,882 shares of the company’s stock valued at $230,000 after purchasing an additional 4,470 shares in the last quarter. Truist Financial Corp bought a new stake in Global X S&P 500 Risk Managed Income ETF during the 3rd quarter valued at about $250,000. Brookwood Investment Group LLC raised its holdings in Global X S&P 500 Risk Managed Income ETF by 53.9% in the second quarter. Brookwood Investment Group LLC now owns 23,018 shares of the company’s stock worth $412,000 after buying an additional 8,065 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Global X S&P 500 Risk Managed Income ETF in the first quarter worth approximately $459,000.

Global X S&P 500 Risk Managed Income ETF Company Profile

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.