Short Interest in Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) Increases By 224.7%

Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,705 shares, an increase of 224.7% from the June 15th total of 833 shares. Based on an average trading volume of 2,461 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Global X Russell 2000 Covered Call & Growth ETF stock. Farther Finance Advisors LLC grew its stake in shares of Global X Russell 2000 Covered Call & Growth ETF (NYSEARCA:RYLG) by 56.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,057 shares of the company’s stock after buying an additional 1,467 shares during the period. Farther Finance Advisors LLC owned approximately 1.13% of Global X Russell 2000 Covered Call & Growth ETF worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Global X Russell 2000 Covered Call & Growth ETF Price Performance

RYLG stock opened at $24.62 on Monday. The stock has a market capitalization of $8.37 million, a PE ratio of 16.05 and a beta of 0.84. The company has a 50 day moving average price of $24.13 and a 200 day moving average price of $23.24. Global X Russell 2000 Covered Call & Growth ETF has a fifty-two week low of $20.79 and a fifty-two week high of $24.86.

Global X Russell 2000 Covered Call & Growth ETF Company Profile

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.