Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Sees Significant Decrease in Short Interest
by Amy Steele · The Cerbat GemGlobal X S&P 500 Tail Risk ETF (NYSEARCA:XTR – Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 3,889 shares, a decline of 33.4% from the March 15th total of 5,840 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,879 shares, the days-to-cover ratio is presently 2.1 days.
Global X S&P 500 Tail Risk ETF Stock Performance
Shares of NYSEARCA XTR traded up $0.14 during trading hours on Tuesday, hitting $26.37. The stock had a trading volume of 1,759 shares, compared to its average volume of 2,735. The company has a market capitalization of $3.16 million, a P/E ratio of 25.32 and a beta of 0.85. The firm’s 50-day moving average price is $26.00 and its two-hundred day moving average price is $28.38. Global X S&P 500 Tail Risk ETF has a 52 week low of $24.57 and a 52 week high of $31.42.
Global X S&P 500 Tail Risk ETF Company Profile
The Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund that is based on the Cboe S&P 500 Tail Risk index. The fund tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. XTR was launched on Aug 25, 2021 and is managed by Global X.