Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Sees Significant Drop in Short Interest

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,226 shares, a decrease of 70.2% from the April 30th total of 20,871 shares. Based on an average daily volume of 12,098 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

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

Shares of XRMI opened at $17.26 on Friday. The company’s fifty day moving average is $17.13 and its 200-day moving average is $17.59. Global X S&P 500 Risk Managed Income ETF has a 12 month low of $16.73 and a 12 month high of $18.08. The firm has a market cap of $49.02 million, a price-to-earnings ratio of 25.29 and a beta of 0.35.

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

A number of hedge funds have recently bought and sold shares of XRMI. Cetera Investment Advisers boosted its holdings in Global X S&P 500 Risk Managed Income ETF by 24.9% in the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock valued at $3,190,000 after purchasing an additional 37,678 shares during the period. Jane Street Group LLC bought a new stake in Global X S&P 500 Risk Managed Income ETF in the 1st quarter valued at $459,000. Brookwood Investment Group LLC boosted its holdings in Global X S&P 500 Risk Managed Income ETF by 49.3% in the 4th quarter. Brookwood Investment Group LLC now owns 60,553 shares of the company’s stock valued at $1,082,000 after purchasing an additional 19,988 shares during the period. LPL Financial LLC boosted its holdings in Global X S&P 500 Risk Managed Income ETF by 6.9% in the 4th quarter. LPL Financial LLC now owns 256,731 shares of the company’s stock valued at $4,588,000 after purchasing an additional 16,466 shares during the period. Finally, Truist Financial Corp bought a new stake in Global X S&P 500 Risk Managed Income ETF in the 3rd quarter valued at $250,000.

About Global X S&P 500 Risk Managed Income ETF

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.