Short Interest in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Drops By 42.5%

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 34,488 shares, a drop of 42.5% from the November 30th total of 59,975 shares. Based on an average daily trading volume, of 42,472 shares, the short-interest ratio is currently 0.8 days. Currently, 1.8% of the shares of the stock are short sold. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 42,472 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On S&P 500 Covered Call & Growth ETF

A hedge fund recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Private Trust Co. NA boosted its position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 100.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the company’s stock after buying an additional 500 shares during the period. Private Trust Co. NA owned 0.05% of S&P 500 Covered Call & Growth ETF worth $28,000 at the end of the most recent quarter.

S&P 500 Covered Call & Growth ETF Stock Performance

NYSEARCA:XYLG traded up $0.01 during mid-day trading on Friday, hitting $29.79. 50,986 shares of the company’s stock traded hands, compared to its average volume of 24,805. The company has a market capitalization of $55.71 million, a P/E ratio of 25.30 and a beta of 0.78. The company has a fifty day moving average of $29.36 and a 200 day moving average of $28.55. S&P 500 Covered Call & Growth ETF has a twelve month low of $23.07 and a twelve month high of $33.54.

S&P 500 Covered Call & Growth ETF Company Profile

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.