Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) Sees Significant Increase in Short Interest

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 13,352 shares, a growth of 886.8% from the May 14th total of 1,353 shares. Based on an average daily volume of 54,246 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are sold short.

Roundhill S&P 500 Target 20 Managed Distribution ETF Price Performance

Shares of XPAY stock opened at $52.72 on Friday. The firm has a fifty day moving average of $52.85 and a 200-day moving average of $52.90. Roundhill S&P 500 Target 20 Managed Distribution ETF has a 12-month low of $47.35 and a 12-month high of $56.51.

Institutional Investors Weigh In On Roundhill S&P 500 Target 20 Managed Distribution ETF

Several large investors have recently made changes to their positions in the stock. Centaurus Financial Inc. bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the first quarter worth $2,551,000. Wolverine Trading LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter worth $1,847,000. Jane Street Group LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the fourth quarter worth $721,000. Citadel Advisors LLC bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the third quarter worth $316,000. Finally, Planning Directions Inc. bought a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF during the fourth quarter worth $229,000.

Roundhill S&P 500 Target 20 Managed Distribution ETF Company Profile

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.