Global X Russell 2000 ETF (NYSEARCA:RSSL) Sees Significant Decrease in Short Interest

Global X Russell 2000 ETF (NYSEARCA:RSSL) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 508 shares, a drop of 70.8% from the May 31st total of 1,738 shares. Based on an average daily trading volume, of 4,936 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Global X Russell 2000 ETF

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Global X Russell 2000 ETF by 84.7% during the fourth quarter. Bank of Montreal Can now owns 9,637 shares of the company’s stock valued at $931,000 after purchasing an additional 4,418 shares in the last quarter. Private Advisor Group LLC increased its stake in Global X Russell 2000 ETF by 70.4% during the 1st quarter. Private Advisor Group LLC now owns 18,698 shares of the company’s stock valued at $1,816,000 after buying an additional 7,724 shares during the period. Jane Street Group LLC acquired a new position in Global X Russell 2000 ETF during the 1st quarter valued at about $773,000. Finally, LPL Financial LLC raised its position in shares of Global X Russell 2000 ETF by 243.7% during the 4th quarter. LPL Financial LLC now owns 39,184 shares of the company’s stock worth $3,785,000 after buying an additional 27,784 shares in the last quarter.

Global X Russell 2000 ETF Stock Performance

Shares of RSSL opened at $116.99 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of 16.96 and a beta of 1.23. Global X Russell 2000 ETF has a one year low of $84.34 and a one year high of $117.50. The stock has a 50-day moving average price of $111.60 and a 200 day moving average price of $104.50.

About Global X Russell 2000 ETF

The Global X Russell 2000 ETF (RSSL) is an exchange-traded fund that is based on the Russell 2000 RIC Capped index. The fund tracks an index comprised of small-cap U.S. equities with quarterly capping, ensuring compliance with RIC concentration requirements RSSL was launched on Jun 4, 2024 and is issued by Global X.