Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Trading Down 0.6% – Should You Sell?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) shares dropped 0.6% during trading on Friday . The company traded as low as $15.58 and last traded at $15.60. Approximately 1,101,301 shares traded hands during trading, an increase of 7% from the average daily volume of 1,027,953 shares. The stock had previously closed at $15.70.

Global X Russell 2000 Covered Call ETF Price Performance

The company has a market cap of $1.31 billion, a P/E ratio of 15.90 and a beta of 0.59. The stock has a fifty day moving average price of $15.42 and a two-hundred day moving average price of $15.22.

Global X Russell 2000 Covered Call ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th will be issued a $0.1573 dividend. This is an increase from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Tuesday, January 20th.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Global X Russell 2000 Covered Call ETF by 3.7% during the 3rd quarter. Bank of America Corp DE now owns 2,184,938 shares of the company’s stock worth $32,883,000 after buying an additional 77,153 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Global X Russell 2000 Covered Call ETF by 21.0% during the third quarter. Ameriprise Financial Inc. now owns 1,116,435 shares of the company’s stock valued at $16,803,000 after acquiring an additional 193,407 shares during the last quarter. UBS Group AG lifted its holdings in Global X Russell 2000 Covered Call ETF by 1.4% during the third quarter. UBS Group AG now owns 919,330 shares of the company’s stock worth $13,836,000 after acquiring an additional 12,701 shares during the period. AlphaStar Capital Management LLC boosted its position in Global X Russell 2000 Covered Call ETF by 28.0% in the second quarter. AlphaStar Capital Management LLC now owns 554,027 shares of the company’s stock worth $8,261,000 after purchasing an additional 121,070 shares during the last quarter. Finally, Brookstone Capital Management boosted its position in Global X Russell 2000 Covered Call ETF by 4.1% in the fourth quarter. Brookstone Capital Management now owns 552,522 shares of the company’s stock worth $8,454,000 after purchasing an additional 21,922 shares during the last quarter.

About Global X Russell 2000 Covered Call ETF

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.