Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Sees Large Decrease in Short Interest

Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,124 shares, a decline of 76.6% from the August 15th total of 4,798 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 1,440 shares, the days-to-cover ratio is presently 0.8 days.

Global X S&P 500 Tail Risk ETF Trading Up 0.8%

Shares of Global X S&P 500 Tail Risk ETF stock traded up $0.24 during midday trading on Friday, reaching $28.85. The company had a trading volume of 250 shares, compared to its average volume of 2,219. The stock has a fifty day simple moving average of $28.72 and a 200 day simple moving average of $27.70. The company has a market capitalization of $4.90 million, a price-to-earnings ratio of 25.32 and a beta of 0.85. Global X S&P 500 Tail Risk ETF has a 1-year low of $24.63 and a 1-year high of $31.42.

About Global X S&P 500 Tail Risk ETF

The Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund that is based on the Cboe S&P 500 Tail Risk index. The fund tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. XTR was launched on Aug 25, 2021 and is managed by Global X.