Roundhill S&P 500 0DTE Covered Call Strategy ETF (BATS:XDTE) Short Interest Up 116.3% in June
by Danessa Lincoln · The Markets DailyRoundhill S&P 500 0DTE Covered Call Strategy ETF (BATS:XDTE – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 243,439 shares, an increase of 116.3% from the May 31st total of 112,547 shares. Based on an average trading volume of 208,932 shares, the days-to-cover ratio is currently 1.2 days. Approximately 2.7% of the company’s stock are sold short.
Roundhill S&P 500 0DTE Covered Call Strategy ETF Stock Up 1.3%
Shares of XDTE opened at $38.92 on Tuesday. The stock has a market capitalization of $356.90 million, a P/E ratio of 24.81 and a beta of 0.99. Roundhill S&P 500 0DTE Covered Call Strategy ETF has a twelve month low of $35.87 and a twelve month high of $44.81. The company has a 50 day moving average of $39.29 and a 200-day moving average of $39.44.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its stake in Roundhill S&P 500 0DTE Covered Call Strategy ETF by 250.0% in the 2nd quarter. Osaic Holdings Inc. now owns 700 shares of the company’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. Group One Trading LLC acquired a new position in shares of Roundhill S&P 500 0DTE Covered Call Strategy ETF during the 4th quarter worth about $44,000. Strive Financial Group LLC bought a new position in shares of Roundhill S&P 500 0DTE Covered Call Strategy ETF in the 4th quarter valued at about $146,000. PNC Financial Services Group Inc. bought a new position in shares of Roundhill S&P 500 0DTE Covered Call Strategy ETF in the 3rd quarter valued at about $248,000. Finally, NewEdge Wealth LLC acquired a new stake in shares of Roundhill S&P 500 0DTE Covered Call Strategy ETF in the first quarter valued at about $353,000.
Roundhill S&P 500 0DTE Covered Call Strategy ETF Company Profile
The Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide a high weekly distribution to shareholders through actively managed synthetic covered call strategy, while also providing limited exposure to the price return of the S&P 500 Index. XDTE was launched on Mar 7, 2024 and is issued by Roundhill.