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) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 11,346 shares, an increase of 82.2% from the May 14th total of 6,226 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 13,731 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Global X S&P 500 Risk Managed Income ETF

A number of hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 24.9% in the first quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock valued at $3,190,000 after buying an additional 37,678 shares during the last quarter. Jane Street Group LLC bought a new stake in Global X S&P 500 Risk Managed Income ETF in the first quarter valued at about $459,000. Brookwood Investment Group LLC raised its position in shares of 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 acquiring an additional 19,988 shares during the period. LPL Financial LLC raised its holdings in Global X S&P 500 Risk Managed Income ETF by 6.9% in the fourth quarter. LPL Financial LLC now owns 256,731 shares of the company’s stock worth $4,588,000 after purchasing an additional 16,466 shares during the period. Finally, Truist Financial Corp bought a new stake in shares of Global X S&P 500 Risk Managed Income ETF in the third quarter worth about $250,000.

Global X S&P 500 Risk Managed Income ETF Price Performance

Shares of NYSEARCA:XRMI remained flat at $17.33 during trading on Tuesday. 4,630 shares of the stock were exchanged, compared to its average volume of 18,237. The firm’s 50 day moving average is $17.19 and its two-hundred day moving average is $17.54. The stock has a market capitalization of $49.22 million, a price-to-earnings 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 $16.73 and a 12 month high of $18.08.

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.