S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Shares Shorted: Short Interest Up 84.9% in October

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 90,813 shares, a growth of 84.9% from the September 30th total of 49,116 shares. Based on an average trading volume of 29,479 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.6% of the shares of the stock are sold short.

Hedge Funds 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. Janney Montgomery Scott LLC boosted its holdings in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 377.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,763 shares of the company’s stock after acquiring an additional 40,139 shares during the period. Janney Montgomery Scott LLC owned 2.22% of S&P 500 Covered Call & Growth ETF worth $1,334,000 at the end of the most recent reporting period.

S&P 500 Covered Call & Growth ETF Trading Down 0.2%

XYLG traded down $0.07 on Monday, hitting $29.13. 60,151 shares of the company’s stock were exchanged, compared to its average volume of 22,411. S&P 500 Covered Call & Growth ETF has a fifty-two week low of $25.63 and a fifty-two week high of $30.04. The stock has a market cap of $72.54 million, a price-to-earnings ratio of 25.30 and a beta of 0.75. The firm has a 50-day moving average price of $29.59 and a 200-day moving average price of $28.49.

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.