Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Short Interest Up 23.3% in January
by Doug Wharley · The Cerbat GemGlobal X S&P 500 Covered Call ETF (NYSEARCA:XYLD – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,308,724 shares, an increase of 23.3% from the December 31st total of 1,061,468 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 761,390 shares, the short-interest ratio is presently 1.7 days. Based on an average trading volume of 761,390 shares, the short-interest ratio is presently 1.7 days. Approximately 1.7% of the shares of the company are sold short.
Hedge Funds Weigh In On Global X S&P 500 Covered Call ETF
A number of large investors have recently bought and sold shares of the company. Sumitomo Life Insurance Co. purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter worth approximately $67,135,000. Ameriprise Financial Inc. boosted its position in Global X S&P 500 Covered Call ETF by 15.6% during the third quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock worth $66,507,000 after purchasing an additional 229,004 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings in Global X S&P 500 Covered Call ETF by 17.8% in the third quarter. Global X Japan Co. Ltd. now owns 990,048 shares of the company’s stock valued at $38,869,000 after purchasing an additional 149,287 shares during the last quarter. Brookstone Capital Management grew its holdings in Global X S&P 500 Covered Call ETF by 2.2% in the fourth quarter. Brookstone Capital Management now owns 827,203 shares of the company’s stock valued at $33,609,000 after purchasing an additional 17,545 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Global X S&P 500 Covered Call ETF by 22.1% in the second quarter. Osaic Holdings Inc. now owns 732,266 shares of the company’s stock valued at $28,515,000 after buying an additional 132,573 shares in the last quarter.
Global X S&P 500 Covered Call ETF Price Performance
Shares of XYLD stock traded down $0.15 during midday trading on Tuesday, hitting $40.75. The company had a trading volume of 284,519 shares, compared to its average volume of 791,274. The company’s 50 day simple moving average is $40.63 and its 200 day simple moving average is $39.78. Global X S&P 500 Covered Call ETF has a 52-week low of $34.53 and a 52-week high of $42.92. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 25.32 and a beta of 0.53.
Global X S&P 500 Covered Call ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a $0.3597 dividend. This is a positive change from Global X S&P 500 Covered Call ETF’s previous monthly dividend of $0.33. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 10.6%.
Global X S&P 500 Covered Call ETF Company Profile
The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.