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

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 833 shares, an increase of 5,106.2% from the May 31st total of 16 shares. Based on an average daily trading volume, of 2,202 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Global X Russell 2000 Covered Call & Growth ETF Price Performance

NYSEARCA:RYLG traded up $0.11 during trading hours on Thursday, reaching $24.53. 5,864 shares of the company were exchanged, compared to its average volume of 2,603. The company has a market capitalization of $8.34 million, a P/E ratio of 16.05 and a beta of 0.86. Global X Russell 2000 Covered Call & Growth ETF has a 1-year low of $20.79 and a 1-year high of $24.77. The business has a 50 day moving average of $23.81 and a 200 day moving average of $23.12.

Institutional Trading of 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. Farther Finance Advisors LLC boosted its stake in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,057 shares of the company’s stock after purchasing an additional 1,467 shares during the quarter. 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.

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.