Global X Health Care Covered Call & Growth ETF (HYLG) Short Interest Ratio & Short Volume

Short interest is the volume of Global X Health Care Covered Call & Growth ETF shares that have been sold short but have not yet been closed out or covered. As of January 31st, traders have sold 2,900 shares of HYLG short. Learn More on Global X Health Care Covered Call & Growth ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. HYLG shares currently have a short interest ratio of 4.0. Learn More on Global X Health Care Covered Call & Growth ETF's short interest ratio.

Global X Health Care Covered Call & Growth ETF saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 2,900 shares, a decrease of 65.5% from the previous total of 8,400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Global X Health Care Covered Call & Growth ETF: ProShares UltraShort Nasdaq Biotechnology (4.77%), Langar Global HealthTech ETF (0.91%), ProShares UltraShort Health Care (3.87%), JPMorgan Healthcare Leaders ETF (0.20%), Direxion Daily Pharmaceutical & Medical Bull 3X Shares (3.02%), Virtus LifeSci Biotech Clinical Trials ETF (2.06%), Harbor Health Care ETF (0.52%), First Trust Nasdaq Pharmaceuticals ETF (1.35%), Virtus LifeSci Biotech Products ETF (1.70%), Invesco Nasdaq Biotechnology ETF (0.29%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Corporation ($5.21 billion), Charter Communications, Inc. ($4.07 billion), Reddit Inc. ($3.33 billion), The Kroger Co. ($2.67 billion), Cencora, Inc. ($2.29 billion), Hims & Hers Health, Inc. ($2.17 billion), SoFi Technologies, Inc. ($1.99 billion), Live Nation Entertainment, Inc. ($1.87 billion), Rivian Automotive, Inc. ($1.76 billion), and Moderna, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling HYLG is an investing strategy that aims to generate trading profit from Global X Health Care Covered Call & Growth ETF as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Global X Health Care Covered Call & Growth ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of HYLG, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including HYLG, twice per month. The most recent reporting period available is January, 31 2025.