Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Strong Trading Volume – Here’s Why

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Friday . 2,144,945 shares were traded during trading, an increase of 119% from the previous session’s volume of 980,232 shares.The stock last traded at $40.29 and had previously closed at $40.63.

Global X S&P 500 Covered Call ETF Stock Down 1.0%

The company has a market cap of $3.13 billion, a P/E ratio of 25.32 and a beta of 0.53. The firm’s 50-day moving average price is $40.75 and its 200-day moving average price is $40.05.

Global X S&P 500 Covered Call ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.3412 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Hedge Funds Weigh In On Global X S&P 500 Covered Call ETF

Several hedge funds have recently made changes to their positions in the stock. KW Wealth Management LLC raised its stake in shares of Global X S&P 500 Covered Call ETF by 20.9% during the 4th quarter. KW Wealth Management LLC now owns 9,660 shares of the company’s stock valued at $392,000 after purchasing an additional 1,669 shares during the period. Hamilton Wealth LLC grew its holdings in Global X S&P 500 Covered Call ETF by 15.8% during the 4th quarter. Hamilton Wealth LLC now owns 12,897 shares of the company’s stock valued at $524,000 after buying an additional 1,757 shares in the last quarter. Braeburn Wealth Management LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF during the fourth quarter valued at about $813,000. First Citizens Bank & Trust Co. increased its position in shares of Global X S&P 500 Covered Call ETF by 8.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 11,004 shares of the company’s stock valued at $447,000 after buying an additional 865 shares during the period. Finally, Main Street Financial Solutions LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the fourth quarter worth about $203,000.

Global X S&P 500 Covered Call ETF Company Profile

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.