Shares of Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD – Get Free Report) traded down 0.3% on Tuesday. The company traded as low as $15.61 and last traded at $15.63. 470,717 shares were traded during trading, a decline of 36% from the average session volume of 729,860 shares. The stock had previously closed at $15.67.
Global X Russell 2000 Covered Call ETF Stock Performance
The company has a 50-day simple moving average of $16.02 and a 200-day simple moving average of $15.75. The stock has a market cap of $1.31 billion, a P/E ratio of 15.90 and a beta of 0.55.
Institutional Trading of Global X Russell 2000 Covered Call ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in RYLD. Fifth Third Bancorp bought a new stake in Global X Russell 2000 Covered Call ETF during the 1st quarter worth about $25,000. PNC Financial Services Group Inc. raised its stake in shares of Global X Russell 2000 Covered Call ETF by 76.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,529 shares of the company’s stock worth $53,000 after acquiring an additional 1,529 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Global X Russell 2000 Covered Call ETF during the first quarter worth approximately $133,000. Copley Financial Group Inc. lifted its position in shares of Global X Russell 2000 Covered Call ETF by 12.5% during the fourth quarter. Copley Financial Group Inc. now owns 11,693 shares of the company’s stock worth $179,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Global X Russell 2000 Covered Call ETF during the first quarter worth approximately $185,000.
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.
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