Global XU.S. 500Income Edge ETF (NYSEARCA:EDGX) Short Interest Update

Global XU.S. 500Income Edge ETF (NYSEARCA:EDGX) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 3,344 shares, a growth of 133.0% from the August 31st total of 1,435 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 6,475 shares, the short-interest ratio is presently 0.5 days.

Global XU.S. 500Income Edge ETF Price Performance

Shares of Global XU.S. 500Income Edge ETF stock traded down $0.36 on Monday, reaching $26.70. 10,989 shares of the company were exchanged, compared to its average volume of 5,375. Global XU.S. 500Income Edge ETF has a 1-year low of $23.26 and a 1-year high of $27.78.

Global X US 500 Income Edge ETF is an exchange-traded fund managed by Global X ETFs. The fund is designed to provide exposure to large-cap U.S. equities while pursuing income through an options-based strategy linked to the U.S. 500 market.

EDGX generally invests in companies represented by the S&P 500 Index and uses covered-call or related options strategies to generate potential premium income. The strategy is intended to provide investors with an alternative way to participate in the performance of established U.S.