Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Short Interest Up 90.8% in August

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 38,110 shares, a growth of 90.8% from the July 30th total of 19,970 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 67,393 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Roundhill S&P 500 Target 20 Managed Distribution ETF

Several institutional investors and hedge funds have recently made changes to their positions in XPAY. Geneos Wealth Management Inc. increased its position in Roundhill S&P 500 Target 20 Managed Distribution ETF by 272.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,340 shares of the company’s stock worth $65,000 after buying an additional 980 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the third quarter valued at approximately $316,000. Jane Street Group LLC grew its position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF by 189.3% during the first quarter. Jane Street Group LLC now owns 11,127 shares of the company’s stock worth $576,000 after acquiring an additional 7,281 shares during the last quarter. Wolverine Trading LLC purchased a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter worth approximately $1,847,000. Finally, Centaurus Financial Inc. purchased a new position in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the first quarter worth approximately $2,551,000.

Roundhill S&P 500 Target 20 Managed Distribution ETF Stock Down 0.0%

XPAY stock traded down $0.01 during midday trading on Friday, reaching $53.19. 20,812 shares of the company were exchanged, compared to its average volume of 69,009. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 1-year low of $47.35 and a 1-year high of $56.51. The stock’s 50-day simple moving average is $53.00 and its 200 day simple moving average is $52.48.

About Roundhill S&P 500 Target 20 Managed Distribution ETF

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.