Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Declines By 43.7%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,361 shares, a decline of 43.7% from the April 15th total of 2,418 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 4,383 shares, the short-interest ratio is currently 0.3 days.

Global X Russell 2000 Covered Call & Growth ETF Stock Performance

NYSEARCA RYLG traded down $0.39 during trading on Friday, reaching $23.50. 2,510 shares of the company’s stock were exchanged, compared to its average volume of 2,676. The stock has a market cap of $7.99 million, a P/E ratio of 16.05 and a beta of 0.86. The company has a 50 day moving average price of $22.67 and a two-hundred day moving average price of $22.84. Global X Russell 2000 Covered Call & Growth ETF has a 1 year low of $19.97 and a 1 year high of $23.94.

Institutional Trading of Global X Russell 2000 Covered Call & Growth ETF

An institutional investor recently raised its position in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC lifted its position in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,057 shares of the company’s stock after purchasing an additional 1,467 shares during the period. Farther Finance Advisors LLC owned about 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 at the end of the most recent reporting period.

Global X Russell 2000 Covered Call & Growth ETF Company Profile

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.