Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Sees Large Volume Increase – Time to Buy?

Shares of Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) saw strong trading volume on Friday . 1,279,635 shares changed hands during mid-day trading, an increase of 88% from the previous session’s volume of 682,183 shares.The stock last traded at $15.3950 and had previously closed at $15.30.

Global X Russell 2000 Covered Call ETF Stock Up 0.7%

The stock has a market cap of $1.25 billion, a P/E ratio of 15.90 and a beta of 0.59. The business has a 50 day moving average price of $15.34 and a 200 day moving average price of $15.13.

Institutional Trading of Global X Russell 2000 Covered Call ETF

Large investors have recently made changes to their positions in the stock. Perennial Investment Advisors LLC boosted its position in Global X Russell 2000 Covered Call ETF by 3.4% in the 3rd quarter. Perennial Investment Advisors LLC now owns 20,714 shares of the company’s stock valued at $312,000 after buying an additional 675 shares during the period. WealthShield Partners LLC raised its stake in shares of Global X Russell 2000 Covered Call ETF by 8.0% during the third quarter. WealthShield Partners LLC now owns 10,695 shares of the company’s stock valued at $161,000 after acquiring an additional 794 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Global X Russell 2000 Covered Call ETF by 8.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 12,284 shares of the company’s stock valued at $185,000 after acquiring an additional 956 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of Global X Russell 2000 Covered Call ETF by 91.4% in the second quarter. AlphaCore Capital LLC now owns 2,094 shares of the company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Finally, Private Client Services LLC grew its stake in Global X Russell 2000 Covered Call ETF by 8.5% in the second quarter. Private Client Services LLC now owns 13,548 shares of the company’s stock worth $202,000 after purchasing an additional 1,056 shares in the last quarter.

Global X Russell 2000 Covered Call ETF Company Profile

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.